The priority spheres of business in the agricultural sector of the Ujar region have been defined. Following the announcement of the National Fund for Entrepreneurship Support (NFES), the crediting of the following projects is considered appropriate: intensive vegetable growing and horticulture farms, greenhouse and livestock farms, enterprises for the production of cheese, plastic windows and doors, as well as enterprises producing bread.
Local entrepreneurs canrely on the appropriate expert advice from NFES and even on the allocation of up to 100% of the project costs.
NFES was established in 1992. Its agents in the issuance of loans are more than 50 banks and micro-finance organizations.
Last year's lending to local entrepreneurs through NFES amounted to 295 million AZN. --17D-
Economics
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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