With the support of the Ministry of Agriculture 10,240 hectares of hazelnut orchards were planted in Azerbaijan this year.
Total in the coming years it is planned to increase the area under hazelnut trees up to 70 thousand ha. As of January 1, the area under hazelnuts in Azerbaijan amounted to 32.7 thousand ha, of which 24.3 thousand ha accounted for the Sheki-Zagatala economic region.
New gardens are located mainly in the Zagatala, Balakan and and Gusar regions. AZN 0.7 million has been allocated from the state budget for the purchase and distribution of hazelnut seedlings to farmers this year. ----- 08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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