Priority spheres of lending businesses in the Sabunchu district of Baku have been determined. According to the report of the National Fund for Entrepreneurship Support ( NFES), as appropriate were recognized lending projects to create a logistics center for the storage , preparation and sale of agricultural products; specialized complex " green market" ; and small enterprises producing socks and greenhouses.
NFES was established in 1992. Agents of the Fund for loans are 44 banks and non-bank credit organizations. In 2013, the Fund disbursed subsidized loans for 275 million manat . In 2014, the Fund plans to issue loans for 280 million manat. - 17D-
Economics
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A high-level event titled “Trio of COP Presidencies Dialogue: Roadmap for Mission 1.5 towards a Future of Shared Prosperity” was held within the framework of the 29th session of the United Nations Climate Change Conference (COP29).
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The State Oil Company of the Azerbaijan Republic (SOCAR) and Slovakia's largest gas operator, Slovenský Plynárenský Priemysel (SPP), have signed a short-term pilot contract for the supply of natural gas, according to sources in Slovakia.
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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