Azerbaijan, Baku, Jan 7 / Trend N. Ismayilova /
" It is planned to plant olive trees in an area of about 100 hectares in the settlement of Zira (the Absheron region) in 2011, the head of the enterprise "Proqress" Firuddin Panahli told media.
"In general, the company plans to plant olive trees in an area of 200 hectares," he said.
"Approximately 100,000 seedlings were imported from Turkey. It is expected to see the first harvest within three years. The projected capacity is 1,000-1,500 tons of olives a year," Panahli said.
The official exchange rate is 0.7977 manat to $1.