As of November 14 Azerbaijan picked 64.1 thousand tons of cotton, 30,000 tons more than in the comparable period of 2015.
The State Statistics Committee published data on the volume of cotton harvested in the weekly interval. Last week cotton growers sold 16,000 tons of cotton to the ginneries.
Since then, the government has twice revised the cotton subsidy mechanism. First, the cotton harvest was likened to the harvest of wheat and rice, which is provided financial assistance in the amount of 90 manat per 1 ha. A month earlier subsidies were tied to the ultimate productivity: for every kilogram of harvested cotton the farmers receive 10 gepiks.
This year, cotton is grown on 52,057 hectares of land.
The Head of the Plant Growing Department of the Ministry of Agriculture Imran Jumshudov told Turan proposals are prepared to amend the granting of subsidies and to decide on certain other industrial plants.
Prior to this, innovations were used to subsidize the production of tobacco and silkworm cocoons. -----08B
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review