Priorities of lending business in the Agdash region have been determined. According to the National Fund for Entrepreneurship Support (NFES), appropriate to local conditions are considered livestock and greenhouses, intensive gardening, enterprises for the production of bread and cheese, as well as plastic windows and doors.
Local business people can receive the relevant advice and count on a loan of up to 100% of the cost of the project, assured NFES.
The fund was established in 1992. Its agents in the issuance of loans are 50 banks and non-bank credit organizations. Last year, the total volume of lending NFES amounted to 295 million AZN. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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