President Ilham Aliyev signed on November 16 a decree ‘On additional measures to strengthen state support for the development of sericulture and hazelnut growing.’
For the purpose of harvesting and donation of products the manufacturers of silk seeds and saplings of mulberry and hazelnuts the Ministry of Agriculture is paid 1 million 463 thousand manat. This includes: for the purchase of silk seeds - 163 thousand manat, for mulberry saplings - 600 thousand manat and for hazelnut saplings - 700 thousand manat.
The Ministry of Agriculture is requested to submit it to the manufacturers to meet the needs of cities and regions. --08D
Economics
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On December 3, Azerbaijan's Cabinet of Ministers approved new regulations requiring small electric transport vehicle operators to provide detailed data on vehicle use and operator information to government systems, effective immediately.
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In November 2024, the State Oil Fund of Azerbaijan (SOFAZ) sold $574.6 million, pushing the total dollar sales for the first 11 months of the year to $6.5 billion. According to SOFAZ, this represents a 40.8% increase compared to November 2023, when sales reached $339.9 million.
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Azerbaijan's state-owned mining company AzerGold CJSC will assess the primary reserves of promising sites in Guinea-Bissau as part of its efforts to expand operations into new markets, the company said on Monday.
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The gradual decrease in oil production in Azerbaijan may lead to a reduction in the production of oil products, as reflected in the government's forecasts for 2025-2028.
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