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 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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