According to the State Statistics Committee, the volume of agricultural production in the country by July 1 totaled 2 billion 648.6 million manats (+ 7.3% for the 6 months of last year).
Most impressive was increase in crop production - 14%. As of June 24, the area planted with spring crops totaled 362,100 ha. There was collected 382.9 thousand tons of vegetables (+ 10.7%), 288,700 tons of potatoes (+ 11.8%), 93,100 tons of fruits and berries (+ 2.6%), 273.4 tons of green tea (+ 18.7%), and 76.5 tons of tobacco leaves (+ 30.5%). By July 1, there was harvested 2.1 million tons of grain, including maize (+ 18%).
Much more modest were the affairs in livestock (+ 2.6%). By July 1, there was produced 225,100 tons of meat (+ 2%), 963,700 tons of milk (+ 3.7%), 779 400 000 eggs (+ 1.4%), and 15,300 tons of wool (+ 2.1%). --17D-
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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