Businessmen of the Gakh district received notice of the priority areas of economic activity.
As stated in the announcement of the National Fund for Entrepreneurship Support (NFES), appropriate is crediting of projects such as the creation of specialized "green" farm shops, enterprises for the production of grain and processing of forest fruits, livestock and bee farms.
Preference to these areas will be given primarily in authorized credit institutions and the projects will be able to obtain credit counseling and even up to 100% of the project cost.
NFES was founded in 1992. Its agents in issuing loans are 46 banks and NBCO.
In 2013, the Fund issued preferential loans of 275 mln. AZN, and this year it has provided 280 million manat. --17D-
Economics
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Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
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Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
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Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
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The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
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