By Ayya Lmahamad
It is one of the priority tasks of the socio-economic
development policy to create an even more favorable environment for
the development of agribusiness in the country, Azerbaijani
Agriculture Minister Inam Karimov said, Azernews reports.
He made the remarks during the public discussion on the
“Agribusiness: new opportunities and modern challenges” topic
organized by the Public Council under the Small and Medium Business
Development Agency, Agriculture Ministry, and National
Confederation of Entrepreneurs Organizations.
“New challenges have emerged in the world, including economic,
environmental, and climate change. Our goal is to constantly
maintain a new and modern agribusiness environment in accordance
with new challenges,” he said.
He added that such public discussions are important in terms of
identifying methods and tools to overcome challenges, as well as
studying international and local experience, the current situation,
and opportunities. In addition, Inam Karimov spoke about the
support measures implemented in the agribusiness sector.
Moreover, speaking at the event, National Confederation of
Entrepreneurs Organizations President Mammad Musayev noted that 35
percent of the employed population works in agriculture. He added
that loans worth AZN598.8 million ($352.2m) were allocated to
agriculture, which makes up 3.1 percent of the total volume of loan
“Despite the coverage of a large part of the employed
population, the credit level in this sector is unsatisfactory.
Businessmen working in this sector offer to improve the insurance
mechanism for lending, which can also help to achieve a solution to
the collateral problem,” he said.
In his turn, Small and Medium Business Development Agency Board
Chairman Orkhan Mammadov informed about the agency's support
mechanisms aimed at the establishment and development of
agribusiness and shared his views on the development of business in
the production areas, processing, and sale of agricultural
products, problems faced by business entities, and made a number of
“Insufficient application of the agricultural insurance
mechanism, difficulties associated with irrigation water,
insufficient access to quality advisory services in the agronomy,
the need to improve subsidies and other financing mechanisms,
difficulties with the documentation procedure in the food security
field, depreciation of technological equipment, etc, are the main
issues of concern to entrepreneurs,” he said.
Additionally, Public Council Chairman Farhad Garashev stated
that public discussions on priority topics will continue in the
coming months with the participation of small and medium businesses
operating in various sectors of the economy, specialized government
agencies, and civil society institutions.
The event was attended by representatives of public and private
structures and business associations working in the field of
At the event entrepreneurs' proposals on the development of the
industry and the difficulties they encountered were listened to,
and the questions of entrepreneurs were answered by representatives
of the relevant government agencies.
Ayya Lmahamad is AzerNews' staff journalist, follow her on
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