At the expense of the State Service for Agricultural Projects and Credit Management (SSAPCM) at the Ministry of Agriculture farmers were provided financial resources for a total amount of 4 million 423 thousand manats in the five months of 2016, Turan was told in the department.
The loans were received by 41 producers of agricultural products in 21 regions of the country. The bulk of the loans (67.3%) were received for livestock. Loans through authorized credit organizations were also issued for poultry (13.9% of the funds), fisheries (6.3%) and vegetable production (3.5%).
In addition to these means SSAPCM granted loans totaling 2 million 341 thousand AZN to 10 entrepreneurs in the framework of international agricultural projects.
This year SSAPCM has been allocated 5 million AZN from the state budget for financing agricultural projects. Preferential loans for the development of the agricultural sector are also provided from the National Entrepreneurship Support Fund. ----- 08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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