Azerbaijan, Baku, Sept. 23 /Trend E. Aliyev/
In 2005-2012 some 518.97 million manats were allocated to the State Joint Stock Company (JSC) Agroleasing from the state budget and other sources including 119.49 million manats - at the expense of JSC re-used funds, Azerbaijani Agriculture Minister Ismat Abbasov's article devoted to the development of the country's agricultural sector in the past 10 years, published on Monday in the official press said.
According to the minister, the activity of the leasing company established in 2004 by order of Azerbaijani President Ilham Aliyev, is expanding from year to year.
'Out of these funds, some 191.21 million manats were spent on the purchase of agricultural machinery, 113.79 million manats on technological equipment, 114.55 million manats on fertilisers, 22.86 million manats on breed cattle and another 50.5 million manats were spent on construction work. Alongside this, JSC spent some 50.5 million manats and 21.94 million manats on improving the material and technical base from the funds received as a result of its activity', the article said.
According to the minister, by a decree of the head of state in July of this year some 15 million manats were allocated to Agroleasing to solve the lack of combines. Farmers faced the problem relating to the lack of combines during the harvest.
'With the help of this JSC funding, 150 Finish-made combine harvesters were purchased and delivered to the country', Abbasov said in the article.
JSC Agrolesing is included in the balance sheet of the Agriculture Ministry, and established on October 23, 2004.
The activity of the enterprise focuses on the improvement of the agrarian sector and support of entrepreneurship in the country through the purchase and leasing of various agricultural machineries to local landowners.
The official exchange rate for September 23 is 0.7844 AZN/USD.
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