Priorities of lending businesses in the Agdam region have been defined, the National Fund for Entrepreneurship Support (NFES) stated.
It is advisable to credit projects of creating livestock and dairy farms, farms of intensive horticulture, and enterprises for the production of grain, fruits and milk.
Holders of such projects can not only apply to the authorized credit organizations for obtaining appropriate advice, but can also count on loans of up to 100% of project costs.
NFES was established in 1992. Agents of the Fund when issuing loans are more than 50 banks and non-bank credit organizations.
Last year NESF extended loans of 295 million manats. --7D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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