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
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review