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 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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