LLC Qarabag Taxil, which is the sole founder of the largest producer of chicken and chicken products in Azerbaijan OJSC Devechi Broiler, rented from the state 4,800 hectares of land.
The company plans to create not only grain farms, but also the production of livestock and vegetable oils in Agjabedi (3,300 ha) and Beylagan (1,500 ha).
The head of the department of land in Agjabadi Abbas Suleymanov told Turan that the company Qarabag Taxil pledged to invest in the implementation of planned activities AZN 15 million, of which 80% are its own funds. His colleague in Beylagan, Rafael Pesiev told Turan the investment portfolio in the region is estimated at over 12 million.
On August 17 in Agjabedi and Beylagan there were first calls for the transfer to long-term lease (49 years) of state land for grain farms. The company will pay the state more than AZN 60,000 a year for the lease of land.
The costs of creating the necessary infrastructure will be provided by the state budget. However, these costs are to be returned in 10 years, 2 of which are favorable.
Recall that private farms for the production of grain are at the direction of President Ilham Aliyev.
Ltd. Qarabag Taxil was established in April of this year. Its share capital is AZN 4 million. At the disposal of its founder there are also 800 hectares in Agsu, Shamakhi and Kurdamir. -08B-
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review