The Emirate of Qatar is interested in investing in the production of agricultural production in Azerbaijan, followed by the delivery of products grown. This was said by the Minister of Agriculture of Azerbaijan Heydar Asadov at his meeting with the head of the business development department of the Investment Office of Qatar, Sheikh Abdul Aziz bin Ali al-Thani in Baku on May 11.
According to al-Thani, Qatar can implement its own project in the field of animal husbandry, dairy farming, vegetable production and agricultural processing.
"From this year on, Azerbaijan subsidizes the export of non-oil products, and investments in several non-oil areas are exempt from tax in the long term," Heydar Asadov said. ----08B
Economics
-
Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
-
The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
-
At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
-
This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
Leave a review