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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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