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
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review