Massive collection of wheat began in Azerbaijan. This year, grain growers expect to achieve a higher yield than in 2015 (31 quintals / ha).
According to the head of the Plant Growing Department of the Ministry of Agriculture Imran Jumshudov, this year the level of technical readiness and provision of fertilizers and pesticides was higher than in 2015. "Azerbaijan provides the need for milling wheat (1.7 million tons) at 70% from its own resources. This year the figure will be even higher," he said.
Over 2,400 combine grain harvesters have been sent to the wheat fields. This year, 927.4 thousand hectares of land are used for grain crops.
According to the State Customs Committee, in 2015 Azerbaijan imported 1 million 353 thousand tons of wheat. ----08B
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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