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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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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