Baku City Hall Needs Calendars for 57,000 USD

The Entrepreneurship Development Fund (EDF) of Azerbaijan's Ministry of Economy has reported a significant increase in its financial activities for 2023, emphasizing its enhanced support for the small and medium enterprise (SME) sector. According to a report released by the Ministry, the fund's operating income surged by 53 percent from the previous year to reach 20.779 million manats.

As Azerbaijan faces the evolving challenges of climate change, the country’s agricultural sector is finding stronger footing through enhanced insurance measures. The Agricultural Insurance Fund (FAS) has released its first quarter report for 2024, indicating a notable expansion in coverage and a significant increase in payments, marking a new era of security for Azerbaijani farmers.

The Central Bank of Azerbaijan (CBA) is set to launch an innovative program tomorrow, designed to accelerate the development of the fintech sector in the country. This initiative introduces a special regulatory sandbox that will allow developers and financial institutions to test new fintech products and services under real conditions, with oversight from the CBA.

The Kyrgyz-Azerbaijani Development Fund (KADF), established in 2022 with an initial capital of $25 million and recently increased to $100 million in April 2024, can make significant strides in enhancing the economic cooperation between Kyrgyzstan and Azerbaijan. The fund, aimed at promoting economic development and strengthening bilateral ties, has become a focal point for joint projects and business interests.