For the creation of six agrarian parks the National Entrepreneurship Support Fund allocated 48 million manat. This was announced at a meeting held in the Shamkir region by the Fund management with businessmen.
In this case, NESF only calls two agrarian parks - Shamkir and Yalama (Khachmaz region). Other agrarian parks are not reported. We only know that the draft of the third agrarian park in the Khizi region was prepared.
Prior to that, the Minister of Economy Shahin Mustafayev reported that it is planned to create 26 agrarian parks in 19 areas (Agjabedi, Beylagan, Imishli, Kurdamir, Salyan, Fuzuli, Saatli, Yevlakh, Agdash and other areas).
On these days Azerisiq announced a tender for the construction of power lines for the creation of agrarian parks in the Hajigabul and Shamakhi regions. The companies that have expressed interest to establish these agrarian complexes are not known to the public. ----08B
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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