Priority areas lending business of Gabala region.
According to experts of the National Fund for Entrepreneurship Support (NFES), it is most advantageous to invest public investment in modern agriculture intensive gardening in honey processing plant industrially. It is interesting from the point of view of return and livestock farms to small cattle farming and beekeeping.
According to official figures, the fund has financed since the beginning of the year 1397 investment projects totaling $ 145.3 million manats.
NFES was established in 1992 and active lending fund began in 2002. Issuance of loans to entrepreneurs 38th authorized banks and non-banking credit organizations.
In 2012 the fund to finance investment projects in 2400 allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats. - 17D-
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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