The priority areas of Aghdam lending business.
According to experts of the National Fund for Entrepreneurship Support (NFES), it is most advantageous to invest public investment in small enterprises for the production of bread, in small and medium-sized businesses of vegetables. Interesting from the point of view of return and livestock farms to small cattle and modern warehouses.
The other day NFBP reported issuing 62 business entities in the Agdam region of preferential loans worth 685.9 million manat. Overall, since the start of the refugees involved in the business, is still on the line 971 is issued preferential loans worth a total of 20.3 million manat.
According to official figures, the fund has financed since the beginning of the year 1397 investment projects totaling $ 145.3 million manats.
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. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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