State agricultural enterprises, which number over 40, will be reformed. Some of them, those who are working at a loss, will be privatized, said today Turan Deputy Minister of Agriculture Ilham Guliyev.
At the first stage it is planned to privatize three companies. The process could begin by the end of this year, with state-owned agricultural enterprises specializing in crop and livestock production, working on the principles of cost accounting. However, the Ministry of Agriculture has prepared and submitted to the government a package of proposals for their improvement, "said ministry spokesman.
On the balance of state-owned agricultural enterprises have more than 100 thousand hectares of land. Their work, which should be directed to the formation of seed and breeding stock breeding, the development of the agricultural sector in the country is palpable. Today, about 99% of agricultural production in Azerbaijan produces the private sector. 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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