Priorities for the business people of the Shabran region have been announced. Following the announcement of the National Fund for Entrepreneurship Support (NFES) suitable development projects are specialized "green stores", greenhouses, farms of intensive horticulture, dairy cattle farms, enterprises for the production of bread, sweets, as well as doors and windows.
Holders of these pans can not only provide the authorized credit organizations fund their projects, but also to rely on appropriate consultation, as well as a loan of up to 100% of the project cost.
NFES at the Ministry of Economy and Industry with the Supervisory Board of 7 persons was established in 1992. Its agents to extend credits are 50 banks and non-bank credit organizations. Last year, through the NFES local entrepreneurs in the form of soft loans were granted 295 million manats.
Banks give out soft loans through the NFES for up to 48 months depending on the size and goals of the loan at an annual rate of 4 to 6%. --17D-
Economics
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On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
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