(MENAFN – AzerNews) By Ayya Lmahamad
Azerbaijan increased the volume of wine production by 30.9 percent in the first three months of 2021, wrote Economy Minister Mikayil Jabbarov on his official Twitter.
Jabbarov found that beer production increased 32.5 percent while brandy and brandy materials increased 10.6 times compared to the same period last year.
He stressed that “reforms to protect the interests of local market producers and to ensure transparency in the excise sector are bearing fruit”.
In another Twit post, the minister noted that the amount of taxable tobacco products rose 94.1 percent in the first three months of 2021.
” Sales of tobacco product manufacturers rose 82.4 percent. Excise tax revenue increased 54.1 percent from last year, ”added Jabbarov.
The minister stressed that the main driver of economic growth in Azerbaijan is a transition from oil to non-oil economy.
It should be noted that the Azerbaijani Ministry of Economy and the country’s largest brewery, Carlsberg, previously signed a Memorandum of Understanding stating that Carlsberg Azerbaijan is involved in locating the raw material base, modernizing the company, reducing losses and Improving the safety measures in work will be the workplace. The MoU also plans to invest more than AZN 25 million ($ 14.7 million) in the export of domestically produced beer as well as commercial projects to develop production in the years 2021-2025.
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Ayya Lmahamad works for AzerNews. Follow her on Twitter:
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