This year, the area under rice in Azerbaijan increased by 2 times and reached 2,268 hectares. Acreage has also increased under other agricultural plants.
As of June 1, the area under cotton made up 50.9 thousand ha, 2.8 times more than last year. This year, tobacco will be harvested from 2,145.5 hectares (+ 64.8%).
Potato acreage remained at last year's level - 60.8 thousand hectares (+0.3%). But significantly decreased the area under vegetables (-5.1%) and melons (-7.6%).
In general, spring agricultural crops have grown on about 360 thousand hectares this year (+ 2.7%).
It should be noted that the government this year, along with wheat and rice, will subsidize the cultivation of cotton, tobacco and cocoon. It is noteworthy that this is contrary to international obligations of the country. Azerbaijan, in compliance with the International Convention on Tobacco Control, in 2005, pledged to avoid direct funding of development of tobacco growing by the state. ----08D
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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