The Khachmaz and Shabran regions have received regional branches of the non-bank credit institution FINCA Azerbaijan.
As stated in the press release of the financial agency, the new offices are designed to service 8,000 customers.
The branch in Khachmaz has attracted 3,000 customers in 2 years, bringing its loan portfolio to $ 3.3 million. Its counterpart in Shabran services customers in the Shabran, Khizi and Siyazan regions. For 8 years the number of its customers has reached 5,000 borrowers, who have been granted about $ 6 million.
FINCA Azerbaijan is present in 67 regions of the country, with 150,000 clients. The credit portfolio of the organization is estimated at $ 185 million. --17D-
Economics
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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