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
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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.
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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.
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