Priorities of the agro business in the Ismayilli region have been defined.
According to the report of the National Fund for Entrepreneurship Support (NFES), the appropriate crediting will be provided to projects in animal husbandry and dairy, farms of intensive horticulture and beekeeping, enterprises for the production of cheese, fruit, as well as windows and doors.
Business people who have submitted projects in these areas to the authorized credit organizations can count on expert advice, as well as a loan of up to 100% of the project cost.
NFES was established in 1992. Its agents to extend credits are more than 50 banks and micro-finance organization. Last year, the Fund reported on the financing of local businesses in the amount of 295 million manat. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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