The National Fund for Entrepreneurship Support (NFES) granted soft loans to entrepreneurs in Gazakh and in the surrounding areas.
As reported in the Fund, authorized agents of the Fund provided loans to 59 business entities, totaling 788 thousand manats, which in turn will create over 90 new jobs.
Since the beginning of the year to finance 3,121 investment projects they have provided more than 227.6 million manat. Total in the Ganja- Gazakh economic zone there were implemented over 3,300 projects worth 123.3 million manat.
NFES was established in 1992 and started active lending in 2002. Issuance of loans to entrepreneurs is conducted by 38 authorized banks and non-banking credit organizations. In 2012 the fund to finance 2,400 investment projects allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats. Thus, the fund has mastered 91.04 % of the budget. - 15D -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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