Azerbaijan raises agricultural insurance payments by nearly 3 times
In the first half of 2024, the Agricultural Insurance Fund paid 2.8 million manats.This is reported by the Fund.
The report says that this is up by 2.5 times from the same period of 2023.
In January-June, 2.2 million manats of insurance payments were paid out for crop production, and 0.6 million manats for livestock insurance.
Over the past year, payments for acreage have grown by 3 times, and for livestock farms - by 43%.
Recall that in Azerbaijan 50% of agricultural insurance premiums are paid by the state. As a result, farmers can insure their farms against numerous risks for a small fee.
Finance
-
Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
-
The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
-
The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
-
According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
Leave a review