National Fund for Entrepreneurship Support (NFES) in the administrative center of Garadagh district of the capital held a seminar for local businesses.
IMF experts said local businessmen that the most appropriate projects in a developing industrial infrastructure in the capital are considered modern slaughterhouse plants baking bread, and greenhouse structures.
Entrepreneurs reported that the most sought-after projects may receive up to 100% funding from the NFES. Businesses can apply through both traditional (Baku, Yasamal district, st. A. Sherifzade, 172) and electronic (e-mail: info@anfes.gov.az) address. In addition, you should call for details on (012) 434-74-29 or by fax (012) 432-37-17.
NFES was established in 1992 and its active lending began in 2002. Issuance of loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations.
In 2012 the fund to finance 2400 investment projects allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats. - 17D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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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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