Sown Area under Cotton Reached 51,000 Ha
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
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- Politics
- 20 June 2016 11:41
Economics
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On September 20, 2024, Volts Energy Ltd., an engineering company based in Abu Dhabi, and Azerbaijan’s Turan Energy LLC announced the creation of a new joint entity, TuranVoltsEnergy. This venture will focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems within Azerbaijan.
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The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
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Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.
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Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
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