BAKU/16.12.13/TURAN : National Fund for Entrepreneurship ( NFES) provided entrepreneurs in Goygol and surrounding areas concessional loans .
As reported in the fund , the fund is authorized agents of the 45 business entities provided loans totaling $ 554 thousand manats, which in turn will create over 70 new jobs.
Since the beginning of this year to finance more than 4,260 investment projects allocated more than 270.4 million manat. For all time in Ganja -Gazakh economic zone was implemented more than 3,500 projects worth 132.2 million manat.
NFES was established in 1992 and active lending by the Fund began in 2002. Issuance of loans to entrepreneurs 38th 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
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
-
In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
Leave a review