The National Fund for Entrepreneurship Support (NFES) granted to entrepreneurs in Ismaili and the surrounding areas of soft loans.
As reported in the fund, authorized agents of the Fund provided 58 subjects of entrepreneurship loans totaling 606 thousand manats, which in turn will create over 100 new jobs.
Since the beginning of this year to finance 729 investment projects allocated 84.8 million manat. For all the time in the Nagorno-Shirvan economic zone there were implemented more than 850 projects worth 25.1 million manat. Thus, the fund has mastered 33.9% of the budget in 2013.
NFES was established in 1992 and its active lending began in 2002. Issuance of loans to entrepreneurs is provided by 38 authorized banks and non-banking credit organizations. In 2012 the fund to finance 2,400 investment projects allocated 218 million manat. NFES loans in 2013 are forecast at 250 million. manats. - 15D -
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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