The State Service for the Management of Agricultural Projects and Credits (SSMAPC) under the Ministry of Agriculture provided 233 farmers and companies with loans totaling 11.4 million manat in 2016, 78.4% of which is directed at the development of livestock farms. The Ministry of Agriculture told Turan.
In addition, within the framework of agricultural projects implemented by the government with the financial support of international financial institutions, 98 subjects received loans amounting to 11.8 million manat. Thus, in 2016 the volume of agricultural loans issued by SSMAPC in credit lines (23 million 279 thousand manat) decreased compared to the previous year by 0.4%.
In 2017, the government suspended funding SSMAPC from the state budget, which began in 2007. This year loans for this will be provided by revolving funds. -----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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