In January-September credits through the National Fund for Entrepreneurship Support (NFES) were received by 4,378 entrepreneurs. Cumulative preferential loans amounted to 242 million manat, according to the press release of the Ministry of Economy and Industry.
According to the MEI, the last project was the organization by NESF of events in Gusar involving 100 entrepreneurs from the Guba-Khachmaz economic region. "During the event on Thursday concession loans totaling 3.4 million manat were received by 50 business entities. Loan funds have been allocated for projects in the fields of animal husbandry, horticulture, viticulture, poultry, establishing logistics centers and others. Businessmen of the region received preferential loans worth 130.3 million manat for the implementation of 1,742 projects," the statement said.
NESF was established in 1992. Its authorized agents for loans are 46 bank and non-bank credit organizations.
In 2013, the Fund disbursed subsidized loans for 275 million manat. This year the Fund will issue preferential loans worth 280 million manat. --17D-
Economics
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Azerbaijan's Cabinet of Ministers approved a new sanitary-protection zone spanning 289.5 hectares for the Dashalti State Nature Reserve on Sunday, in a move aimed at strengthening environmental protection measures. The decision, signed by Prime Minister Ali Asadov, aligns with national legislation on protected areas and implements provisions of a 2014 presidential decree amending the law on "Specially Protected Natural Areas and Objects."
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During a working visit to the United Arab Emirates, Azerbaijani President Ilham Aliyev met with UAE President Sheikh Mohammed bin Zayed Al Nahyan on January 13, 2025, in Abu Dhabi. The meeting underscored the strengthening of bilateral relations between the two countries, with a special emphasis on energy cooperation, climate change efforts, and mutual investments.
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Azerbaijan's Consumer Price Index (CPI) in December 2024 marked a year-on-year increase of 4.9%, with food and beverage inflation leading the surge, according to data from the State Statistics Committee. The overall CPI stood at 104.9%, driven by a 5.5% rise in food products, beverages, and tobacco, 2.4% in non-food products, and a sharp 6.3% hike in paid services provided to the population.
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In 2024, Azerbaijan produced 29.1 million tonnes of oil together with condensate, down from 30.2 million tonnes in 2023, according to preliminary information published by the country’s Ministry of Energy.
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