In 2014, under crops were 1 612.7 thousand ha, 93.6% of sown areas on land balance of the country as of January 1 of the previous year. This is stated in the report of the Ministry of Agriculture.
In the past year due to adverse weather and climatic conditions were destroyed 55.7 thousand ha of winter crop area, and grain yield and so on crops were reduced.
Not better are things this year. As of 1 January 2015, crops were sown on 875.7 thousand ha, which is 10.6% less than last year.
According to experts, if the farmers are not able to get a good harvest this year, dependence on grain imports will rise even a few percentage points. The consumption of grain in Azerbaijan is estimated at about 3.8-4 million tons. According to official data, 40% of the demand is met through imports. The State Grain Fund operates and the reserves amount to 750 thousand tons
According to the land balance, under permanent crops (fruit trees, vineyards and private plantations) there are 151.2 thousand hectares of land. -----08B
Economics
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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.
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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.
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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.
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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.
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