The Growth of Dairy Imports Continued This Year

BAKU, Aug 26 (Reuters) - Azerbaijan's exports of vegetables and fruits declined by 7.1% in physical terms and 4.0% in value during the first seven months of 2024 compared to the same period last year, driven by significant drops in the export of key commodities such as potatoes, apples, and hazelnuts.

BAKU, Aug 26 (Reuters) - Azerbaijan's external debt decreased by $1.1 billion in the first six months of 2024, bringing the total to $5.36 billion, according to official data. As of January 1, the debt stood at approximately $6.46 billion.

Azerbaijan's Cabinet of Ministers has issued a series of amendments to the "Model Regulations for Industrial Zones" initially approved in May 2015. The changes aim to enhance the management and operation of both public and private industrial zones in the country.

Azerbaijan's wheat production has taken a downturn in 2024, despite concerted efforts to enhance self-sufficiency. According to the State Statistics Committee's report on August 15, 98.3% of the winter and spring cereal and leguminous crops (excluding corn) had been harvested by mid-August, yielding 1,680.3 thousand tons of wheat. This represents a notable decrease from 1,828.6 thousand tons produced in the same period of 2023, marking a decline of 148.3 thousand tons, or 8.1%. Agro-expert Vahid Maharramov highlights the government’s struggle to boost wheat production despite various initiatives.