The desired types of business in the Goranboy region have been specified. As stated in the declaration of the National Fund for Entrepreneurship Support (NFES), the Fund will consider advantageous projects to create farms of intensive fishing, beekeeping and livestock breeding for dairy cattle, enterprises for the production of cladding and roofing on the basis of plaster, and a three-star hotel.
Holders of such documented projects will have priority in consultation with the authorized credit organizations. With a little luck, banks can give them loans of up to the full cost of the projects.
NFES at the Ministry of Economy and Industry was established in 1992. Sixty banks and micro-finance organizations work as its agents. Last year, 295 million AZN was allocated for the needs of entrepreneurs. Allocation of 220 million manats is planned this year. --17D-
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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