On December 15 Azerbaijan got another batch (264) of German Holstein Frieze breed cows. The first batch of cattle in the same amount has been already distributed among farmers, reported today the Ministry of Agriculture.
Purchase of livestock is carried out pursuant to presidential decree on the improvement of pedigree animals from 6 June this year, according to which a contract was concluded for the purchase of 7,160 head of cattle in Germany. The households that will supply breeding cows to Azerbaijan have been visited by representatives of the Ministry of Agriculture and the customers.
Recall in the summer of this year, President Ilham Aliyev allocated from the state budget reserve AZN 13.5 million to state-run Agroleasing and on November 20 he allocated 10 million AZN for the purchase of breeding stock.
The breeding stock purchased in Europe is available to farmers for three-year lease for 50% of the purchase price.
In 2009-2013, at the expense of the same source there were purchased 10,590 head of cattle and small ruminants. A number of private livestock farms were formed.
JSC Agroleasing was established in 2004 with a 100% equity interest of the state. Since 2009, it is subordinate to the Ministry of Agriculture. --08D--
Economics
-
On September 11, 2024, Azerbaijan's Economic Council, chaired by Prime Minister Ali Asadov, convened to review the draft state and consolidated budgets for 2025-2028. The meeting, dedicated to key financial and economic issues, addressed global economic trends, macroeconomic forecasts for 2024-2028, and the country’s budget policy for the coming years.
-
Azerbaijan's fixed asset investments in the first eight months of this year totaled 11.2 billion manats, reflecting a 1.7 percent increase compared to the same period last year, according to data from the State Statistics Committee. This uptick highlights the country’s ongoing commitment to infrastructure development, though the composition of investment flows reveals contrasting trends between sectors.
-
Azerbaijan’s gross domestic product (GDP) grew by 0.8% in the January-August 2024 period, reaching 80.96 billion manats ($47.62 billion), reflecting stability in overall production compared to the same period in 2023, according to data from the State Statistics Committee.
-
Azerbaijan’s consumer price index (CPI) for the period of January to August increased by 1.3% compared to the same period in 2023, marking a period of moderate inflation in the country. According to the State Statistics Committee, the overall CPI for the eight-month period reached 101.3%, with various sectors showing mixed inflationary pressures.
Leave a review