The National Fund for Entrepreneurship (NFES) provided entrepreneurs in Tovuz and surrounding areas with concession loans.
As reported in the fund , the fund is authorized agents in the subject 51 businesses were granted loans totaling 714.2 thousand manats, which in turn will create over 80 new jobs.
Since the beginning of this year to finance more than 4023 investment projects allocated more than 265.3 million manat. For all time in Ganja -Gazakh economic zone was implemented more than 3,480 projects worth 131.7 million manat.
NFES was established in 1992 and began active lending in 2002. Issuance of loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2012, the Fund for the financing of investment projects in 2,400 areas allocated 218 million manat. NFES loans in 2013 were projected at 250 million manat. - 15D -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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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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