NFES (National Entrepreneurship Support Fund) is looking for an auditor to confirm the transparency of the financial report on the results of this year.
As stated in the declaration of the fund, receiving proposals from auditing firms will be accepted until October 20. As previously reported, audit of the financial reports for the NESF in 2013 was conducted by the international auditing company PriceWaterhouseCoopers (PWC).
NFES was established in 1992. Agents of the Fund for loans are 46 bank and non-bank credit organizations.
In the past year, the Fund disbursed subsidized loans for 275 million manat. In 2014 the Fund plans to extend credits in the amount of 280 million manat. --17D-
Economics
-
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.
-
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%.
-
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.
-
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.
Leave a review