Amount of state financing for agriculture almost not to change in Azerbaijan in 2012

Business Materials 13 October 2011 20:21 (UTC +04:00)

Azerbaijan, Baku, Oct. 13 /Trend, N.Ismayilova/

Azerbaijan will allocate 43 million manat for the agricultural projects in 2012, according to a draft of Azerbaijan's state and consolidated budget for 2012 and three subsequent years posted on the Finance Ministry's official website.

Thus, like 2011, Aqrolizinq JSC will receive 35 million manat from the state budget, and the State Agency on Agricultural loans - eight million manat, while this year's state budget has allocated 10 million manat.

Since its establishment, Aqrolizinq has received 317.6 million manat from the state budget, and State Agency - 40 million manat. Owned by the Agriculture Ministry, Aqrolizinq JSC was established on Oct. 23, 2004 upon Azerbaijani President Ilham Aliyev's order.

Official exchange rate on Oct. 13 is 0.7868 AZN/USD.