The desired directions of business in Lankaran have been determined.
According to the National Entrepreneurship Support Fund (NFES), projects to create specialized "green market", modern farms for vegetable and tea growing, fish farming and small livestock farms will be considered advantageous.
Holders of such documented projects 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 project.
NFES at the Ministry of Economy and Industry was established in 1992. It has 59 banks and micro-finance organizations as agents working with it. Last year, for the needs of business AZN 295 million was allocated. The allocation of AZN 250 million is planned at the end of this year. --17D-
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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