Reduced agricultural production
By October 1, the amount of local agricultural production amounted to 4 308.3 million manat (minus 3.7% for the period a year earlier).
According to the State Statistics Committee of Azerbaijan, in animal production there was increase (3%) and in crop production - decline (9%). In January-September there were produced 324,900 tons of meat (+1.5%), 1,416,300 tons of milk (+3.6%), 1 164 200 000 eggs (+11.6%), and 16 300 tons of wool (+ 1.5%).
Harvesting crops continues. According to the interim results, by October 1, there was harvested 2,338,300 tons of cereals, excluding maize (minus 19.3%) - the lowest performance index.
Furthermore, there were collected 808,900 tons of potatoes (minus 17,8%), 404,2 tons of tea leaf (minus 14.8%), 29 100 tons of sugar beet (minus 16%), 1.125 million tons of vegetables (minus 1, 1%), 532,400 tons of fruit (0.4%), 439,900 tons of melons (+ 2,9%), and 106 100 tons of grapes (1.7%). --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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