Azerbaijan, Baku / Trend corr. I.Khalilova / The State Kapital Bank, an agent of the Government on allocation of subsidies in the agricultural sector issued 370,000 plastic cards to compensate 50% of the cost of fuel and chemical fertilizers acquired by farmers, Bahram Aliyev, the deputy Agriculture Minister, said on 28 August. Subsidies will be distributed among farmers in 44 regions of the country.
Distribution of the cards will be completed by 10 or 15 September.
The total amount of allocated subsidies is AZN 56mln, though another AZN 80mln was allocated from the State Budget.
The bank renewed software to avoid problems in rendering the service. In 2007 Kapital Bank installed 40 additional cash machines and is planning to install 20 more. Kapital Bank has installed 193 cash machines so far. The Bank is planning to install 1,000 POS-terminals by the end of 2007.