At the request of the Ministry of Agriculture of the State of "Aqrolizinq" bought 183 cotton harvesters in the United States and Belarus. Agricultural equipment is already supplied to the base of the company in the country. This year, the seeding area under cotton in Azerbaijan almost has doubled, and is expected to harvest from 51 thousand hectares.
Mass cotton harvest will begin in September. By the time all the equipment will go into the country. The Ministry of Agriculture told Turan was, that for the cotton harvest in the short term and lossless harvesting cotton by hand will be reduced to a minimum. This year, the Ministry of Agriculture forecasts a collection of about 100 thousand tons of raw cotton. 08D
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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