The Minister of Economy Shahin Mustafayev reported in the official parliamentary newspaper Azerbaijan that the country has 42 logistics centers of the scheduled 52 - for harvesting and storage of vegetables, fruits, seeds and other agricultural industry products.
This is the result of the implementation of soft loans allocated by the National Entrepreneurship Support Fund (NESF) - since 2009 for this purpose there has been allocated 161 million AZN. The senior government official said the aggregate capacity of the commissioned premises is 241,000 tons of the planned 330,000 tons.
NESF at the Ministry of Economy and Industry was established in 1992. A total of 59 banks and micro-finance organizations work with it as agents. Last year, 295 million AZN was allocated to entrepreneurs and 248.5 million AZN was mastered. This year it is planned to allocate from 220 million to 250 million AZN. --17D-
Economics
-
Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
-
Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
-
Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
-
The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
Leave a review