The National Fund for Entrepreneurship Support (NFES) granted soft loans to entrepreneurs in Tartar and the surrounding areas.
As reported in the fund , the fund's authorized agents provided loans to 48 businesses totaling 527 thousand manats, which in turn will create about 60 new jobs.
Since the beginning of the year 3286 on the financing of investment projects provided more than 234.2 million manat. Total in Upper Karabakh economic zone was realized over 752 projects worth 20.2 million manat.
NFES was established in 1992 and active lending fund began in 2002. Issuance of loans to entrepreneurs 38th authorized banks and non-banking credit organizations. In 2012 the fund to finance investment projects in 2400 allocated 218 million manat. NFES loans in 2013 is forecast at 250 million manats. Thus , the fund has mastered 93.7 % of the budget . - 15D -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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