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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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