The Ministry of Agriculture prepared a proposal for solving urgent problems of agricultural development, which were announced at the 27 January conference on the State Program of socio-economic development of regions.
Agriculture Minister Heydar Asadov described the priorities of the agricultural sector, including creation of the Seed Fund and stimulating re-seeding. According to experts, one of the reasons for the low yield of grain crops in Azerbaijan is using seeds of low reproduction.
The Ministry of Agriculture told Turan, there is potential for re-seeding of forage crops on 300 thousand hectares. In the first stage, one-third of this potential can be used. However, this requires the allocation of subsidies to farmers for fuels and motor oil, according to the ministry.
Today, thousands of peasants who became owners as a result of land reform in the mid-1990s are not engaged in agriculture. The Ministry of Agriculture believes that against such owners "appropriate measures" should be taken. What specific measures they have in mind is not yet reported. -0-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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