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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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