Loan portfolio non-bank credit organization CJSC "Aqrarkredit" at the end of last year amounted to 17.7 million manat.
As reported in Aqrarkredit, in 2012 at their own expense the organization has issued 793 business entities and 851 groups of borrowers the amount of AZN 8.8 million, including the development of livestock - 4.9 million manat, crop - 700 000 manats, trade and services - 3.1 million manat, etc.
Through the National Fund for Entrepreneurship there have been financed 215 projects for a total of 2 million manat.
Funded through the International Fund for Agricultural Development (IFAD), the project of "North-East" and Rural Development Project "North-West" credited 682 business entities and groups of borrowers in the amount of 3.1 million manat.
The assets of the company on January 1, 2013 were equal to 26.6 million manat. Total capital and paid charter capital amounted to 19.8 million and 18.6 million manat.
The income was equal to 4.11 million manat, and the net profit - 438 900 manat. - 15B -
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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