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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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