This year was one of the bad ones for Azerbaijani farmers. Agricultural production declined.
According to the State Statistical Committee, its scope for ten months at current prices amounted to 4.6 billion manat, which is 3% less than in the comparable period last year. The crop production fell by 8.1%.
Potato production (819,300 tonnes) decreased by 17.5%, vegetables (1,167,900 tons) - by 2%. This year, fewer plantations raised tobacco (2,712.3 tons) and tea (436.2 tons), which decreased the yield by 17% and 20.7%.
According to official figures, this year produced 1,178,800 tons of grain and leguminous crops (excluding maize), which is 20.9% less than in 2013.
There was collected 183,000 tons of maize, which is 1.8% less than last year. By the 1st of November 6% of the corn crop remained not harvested.
If last year (January-October) the crop product (54.4% of agricultural production) was slightly higher than animal product, this year the difference fell to 0.6%.
Vintage (137 500 tons) was at last year's level. Only fruits (701,000 tons) were collected more - by 1.4%.
Experts note the low productivity in the agricultural sector in Azerbaijan because of its extensive development. Labor productivity lags behind the eurozone countries by almost 40 times. In the EU, the agricultural sector employs 4.7% of the population, while in Azerbaijan it employs 40% of the working population. For example, Azerbaijan is dependent on imported wheat and vegetables.
The situation can only be reversed by modernization of rural infrastructure with the participation of foreign investment and technology. -08D-
Economics
-
But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
-
Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
-
A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
-
The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
Leave a review