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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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