The Ministry of Agriculture will provide grants to agribusiness in the framework of the project "Strengthening the competitiveness of agriculture." The goal is promoting a "value chain" in principle "from field to kitchen," the Ministry’s press service said.
Grants will be provided to address the problems in any part of the chain, which brings together producers, processors and buyers.
The process of forming the value chain started 6 months ago: an information campaign was carried out and help was provided to draft. Total selected were 20 projects in various fields of agriculture. The maximum amount of a grant was $ 500 thousand.
The loan agreement on the financing of the project "Strengthening the competitiveness of agriculture" was signed between the Azerbaijani government and the World Bank in June 2014. It is implemented by the State Service of Agricultural Projects and Loan Management at the Ministry of Agriculture. Over the past 12 months, 51 businesses received loans totaling 11 million manat. ------08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review