The National Entrepreneurship Support Fund (NFES) has identified priority areas for lending entrepreneurs in Lerik region. According to the Declaration of the Fund, NFES considers appropriate lending livestock and bee farms, enterprises for the production of cheese, plastic doors, windows, socks, and honey processing companies by industry and its packaging.
Entrepreneurs who have submitted to the authorized credit institutions of the Fund its projects in these areas can receive appropriate advice, as well as wishes to obtain a loan of up to 100% of the cost of the project, reads the announcement.
NFES was established in 1992. The agents of the Fund for loans serve 50 banks and non-credit institutions. The volume of lending to entrepreneurs in Azerbaijan through NFES in 2014 amounted to 295 million AZN. --17D-
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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