The desired business areas in the Shamakhi region have been determined.
As stated in the declaration of the National Fund for Entrepreneurship Support (NFES), the Fund will consider advantageous projects of creation of grain farming, livestock breeding, beekeeping, wine growing, potato and almond growing, enterprises for the production of cheese, bread and pastries. Also announced is selection of investment projects for the construction of a three-star hotel in the area.
Holders of such documented drafts will have priority in consultation with the authorized credit organizations. With a little luck, banks can give them a loan of up to the full cost of the projects.
NFES at the Ministry of Economy of Azerbaijan was established in 1992. Its agents are 59 banks and micro-finance organizations working with him. Last year, AZN 295 million was allocated for the needs of business and allocation of AZN 250 million is planned at the end of this year. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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