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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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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