In the first quarter of the year the production of sugar cubes and granulated sugar reached 103.6 thousand tons (minus 6.4% in comparison with indicators by April 1 last year), the State Statistics Committee said. The trend towards reduction began in 2012 and in 2013 the area under cultivation of beet reduced to the current 5.5 thousand ha.
According to official figures, the production of margarine also reduced, making 8.11 thousand tons (minus 11.4%) by April 1.
All other positions were in the plus. Thus, the production of bread and bakery products was 188.7 thousand tons (+ 1.2%), meat (including poultry) - 70.9 thousand tons (+ 1.9%), sausage - 531.5 tons (+ 21.4%) and milk - 215.9 thousand tons (+ 3.3%).
Production of cream and sour cream reached 1 thousand 174.9 tons (+ 1%), cheese and cottage cheese - 12.45 thousand tons (+ 4.8%), butter - 5.82 thousand tons (+5.8 %), jam and marmalade – 8,486.9 tons (+ 1.3%), purified liquid vegetable oil – 16,853.3 tons (+ 97.4%).
Overall, in the first quarter an increase of food production (+ 3.5%) was recorded. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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