Shortage of potatoes in Gedabey
The current crop of potatoes in Gedabey area will be worse than last year.
According to the local executive authorities, the collection is projected at 187 907 tons (minus 6.1%) with an average yield of 16 tons of product per hectare.
Experts attribute the decline in production with reduced acreage - according to official figures, this year under this kind of vegetables villagers allocated 12 201.8 hectares, which is 6.2% less than in 2013. Affected last year's situation when farmers due to artificially low prices have lost all the profit.
Recall that in Gedabey area mainly cultivated potato varieties such as "Holland", "Gezef" and "Telman." Farmers offer potatoes at a wholesale price 0.5-0.7 manat per kilogram.
In Gedabey area except potatoes harvested 2,281 tons of grain with 1108 ha of cultivated area, which corresponds to the last year (2 276 tons 974.3 ha) indicators. It is worth noting a decrease of grain yield from 2.34 to 2.06 tons. -17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review