For the first ten months of 2012, Azerbaijan produced agricultural products totaling AZN 4,363.8 mln. It is in constant prices 5.9% more than in the same period of 2011, the State Statistics Committee told Turan.
The output of plant crops grew by 6.5%, and the output of livestock grew by 5.1%.
Meat production in the country increased by 3.6% to 387.2 thsd tons in live weight. In a greater rate increased milk production (+5.5% to 1,436.3 thousand tons). The year 2011 was a critical year for the poultry country. However, this year the sector once again came to life and with the production of about 1 billion eggs increased by 19.5%.
According to the State Statistics Committee, the share of the agricultural production in the GDP amounted to 5.9%. - 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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