The number of bakeries, butcheries, greenhouses and olive farms increases in the Khazar district of Baku.
According to the National Fund for Entrepreneurship Support (NFES), there will be the first stores of organic products, which also relates to the priorities of lending to small and medium-sized businesses in the Baku villages.
Entrepreneurs can submit their projects in these areas to the funds of the authorized credit organizations. They can also get the required consultation. At the same time, based on the wishes of entrepreneurs, NFES can provide a loan of up to 100% of the project cost.
The Fund was established in 1992. Its agents in lending are 46 bank and non-bank credit organizations.
In 2013, the Fund disbursed subsidized loans for 275 million manat. In 2014 the Fund plans to issue loans of 280 million manat. - 17D-
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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