The Ministry of Agriculture reported on the revealed theft of money due to the farmers of the Zardab region. The fact was revealed due to the complaint by the farmer Shahla Ismayilova, whom the Zardab branch of OJSC Capital Bank paid AZN 5,000 instead of the due 9,900 manat.
The Ministry noted that during the proceedings they revealed the theft of subsidies owed to 238 farmers in the amount of AZN 37,185.50. The understated funds were registered in the name of others.
Materials of the investigation were sent to the Prosecutor General's office for investigation.
In 2017, the government will allocate subsidies to the agricultural sector in the amount of 190,200,000 manat. --08D
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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