The Regulations on the State Seed Fund under the Ministry of Agriculture of Azerbaijan entered into force on 31 October.
According to the document, the Fund aims to collect store, update, use the seeds of crops, providing producers of agricultural industry. The Fund is also involved in the regulation of prices for seeds, preventing a rise in price in the event of natural disasters, and provides them with insurance.
In addition, its representatives have the authority to require from the sellers of relevant products and the import documents as sold seed, inspect commodity seed lots, as well as seeds, used in crops.
The Fund was established under the presidential decree on March 2, 2015. Initially, AZN 10 million was allocated for its activity. --17D-
Economics
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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