![Subsidies to Producers of Wheat and Rice Decreased by 3 Million Manat](https://turan.az/resized/media/2015/main/031800110183-750-500-resize.webp)
Subsidies to Producers of Wheat and Rice Decreased by 3 Million Manat
At a March 16 meeting of the Republican Committee chaired by the Deputy Minister of Agriculture Ilham Guliyev, it was decided to allocate 17 million 51 thousand AZN as subsidies to 129 thousand producers of wheat and rice.
According to the press service of the Ministry of Agriculture, the local commissions provided data on sowing wheat and rice at 416.3 thousand ha (as of 1 December 2014). The subsidy is 40 manat per hectare. The total amount of subsidies decreased at about 3.1 million manat. This year, the number of recipients of state aid has decreased by 20.7 thousand subjects.
Note that in addition to this, the producers of wheat and rice, as well as other farmers will receive an additional 40 manat as subsidies for the rising cost of fuel and lubricants in 2007.
Subsidies are provided by plastic cards of Capital Bank. The list of natural and legal persons, recipients of agricultural subsidies on 58 regions of the country, has been posted on the Ministry of Agriculture website (www.agr.gov.az). --08B
Economics
-
Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
-
U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
-
Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
-
Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
Leave a review