National Fund for Entrepreneurship Support (NFES) in 2010-2012 allocated preferential loans worth 67.3 million manat for projects in the poultry sector. With this sum is implemented 35 projects.
According to the Fund, the total cost of specific projects funded since its inception is 126.9 million manat. Design capacity of enterprises funded by NFES, is 42.9 thousand tons of poultry meat and 154.9 million eggs.
According to the fund at the beginning of 2013 they already put into operation 23 poultry farms (funded by NFES) an annual capacity of 27.3 million tons of poultry meat and 144.9 million eggs. Another 12 households are currently at the stage of creation, and their annual capacity will reach 15.6 thousand tons of poultry meat and 10 million eggs.
NFES was established in 1992. In 2012, the Fund disbursed subsidized loans for AZN 218 million. In 2013 the fund plans to issue loans to entrepreneurs in the total amount of 250 million manat. - 17D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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