To reduce the prices of poultry products the abolition of VAT on the import of food additives, veterinary drugs and vaccines is required. However, for the sustainable development of the industry it is necessary to provide poultry farms with sown land. Such demands were made by entrepreneurs at a meeting in the Ministry of Economy.
The Chairman of the Republican Poultry Farmers Society Aydin Veliyev told Turan that today only one farm has sown areas, through which it has achieved a certain level of profitability. "The state can support poultry farms by giving them land holdings. I think 3 thousand hectares would be enough to ensure that every household is provided with forage crops," said Veliyev.
Last week the authorities temporarily introduced zero VAT on imports of wheat. Also administratively reduced was the retail price of eggs from 0.17 manat to 0.15 per egg. -----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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