The State Commission chaired by the Deputy Minister of Agriculture Ilham Guliyev took a decision on February 10 on the distribution of subsidies to producers of cotton and tobacco. Total subsidies to cotton farmers will be received by 4,145 cotton growers and 197 tobacco growers in 31 regions of the country.
In 2016, the government revised the rules for granting subsidies to cotton and tobacco growers. While earlier it was tied to the sown areas, the grants are now given, depending on the raw material sold to processing plants this year. It stimulates the growth of production and improves the targeting of state aid, according to the Ministry of Agriculture.
For every kilogram of cotton the producers receive 10 gepiks, for every 10 kg of non -dried tobacco - 5 gepiks and for 1 kg of dried tobacco - 5 gepiks.
The volume of subsidies to cotton producers will be 8 million 872.8 thousand manat, and for tobacco - 96.3 thousand manat. ----08D
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review