BAKU/25.11.13/TURAN : Became known the authorized credit institutions for the Development Fund of Information Technologies. There are no non-banking institutions.
According to the Deputy Executive Director of the Fund, Azer Bayramov, 5 million manats envisaged by the budget for the 2014 fiscal year, will be given to the winners of the projects by Rabitabank , PASHA Bank, VTB Bank (Azerbaijan), DemirBank and Bank Respublika.
He noted that the main objective of the fund - the development of entrepreneurship in ICT and providing financial support to attract local and foreign investment in the sector , ensuring the integration of new technologies into the local economy , improve the investment climate in the ICT sector , etc.
According to the rules of use of returnable soft loans, as well as other income remain in the account fund and used for other purposes. At the same time through the Fund one may receive loans under the following conditions : for small loans of up to 3 years, between 10 and 50 thousand manats, for average loans of up to 5 years - from 50 to 500 thousand manats . Large loans for up to 10 years range from 500 thousand to 5 million manat . Money issued under 1 % per annum.
There are irrecoverable loans ( Grants ) . Small grants range from 10 to 100 thousand manats , medium - from 100 to 200 thousand manats , large - from 200 to 300 thousand manats . - 17D-
Economics
-
In Azerbaijan, there has been an observed increase in the price of flour. In May, a 50-kilogram sack of flour cost 25-26 manats, but now it has risen to 29 manats. This increase in the price of flour is also reflected in the data from the State Statistics Committee (SSC).
-
Azerbaijan and Israel have engaged in discussions to advance cooperation in the field of green energy, Azerbaijan's Energy Minister Parviz Shahbazov announced on the social network "X." During the meeting with Israeli Minister of Regional Cooperation David Amsalem, both sides reviewed ongoing cooperation in the hydrocarbon sector, discussed renewable energy projects currently being implemented in Azerbaijan, and explored prospects for enhancing bilateral energy ties.
-
The Milli Majlis of the Republic of Azerbaijan has introduced significant amendments to the nation’s food safety law, aiming to enhance regulation over the production and importation of alcoholic beverages, particularly vodka. The amendments, ratified by President Ilham Aliyev, are intended to ensure compliance with stringent safety and economic criteria, reflecting the government's commitment to maintaining public health standards and fiscal accountability.
-
The Cabinet of Ministers of the Republic of Azerbaijan has approved amendments to the list of specialized medical institutions authorized to perform donor organ transplants. The changes, guided by the eighth paragraph of Article 119 of the Constitution of Azerbaijan, were announced in resolutions No. 337 and No. 338, signed by Prime Minister Ali Asadov.
Leave a review