The National Fund for Entrepreneurship Support (NFES) under the Ministry of Economic Development signed an agreement with PricewaterhouseCoopers Audit Azerbaijan LLC for the audit of its activities in 2014. The company becomes the third consecutive NFES auditor.
The cost of the contract is 23 million manat, which is 20 % less than in the previous year. An audit of the fund for the fiscal year 2012 cost about 38,940 manat.
According to the financial report, at the beginning of 2013 lending rose from 446.3 million to 542.8 million manat. Of these, 527 million manat was allocated in the form of loans.
In 2011, operating and other expenses of NFES were 536,000 manats. In 2012, these expenditures reached 583 thousand manats (+8.7 %).
International audit of the financial activity of NFES has been done over the past five years. - 08B-
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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