Priority areas for lending businesses in Sabirabad have been determined.
According to the report of the National Fund for Entrepreneurship Support ( NFES) , recognized as the most appropriate are family farms for dairy (up to 50 head of cattle) , intensive gardening farms , enterprises producing cheese and dried fruits , specialized " green shops " and bakeries .
According to the fund, entrepreneurs in Sabirabad may submit to the authorized credit organizations their projects in these areas. Also they can get money for consultation. At the same time based on the wishes of entrepreneurs NFES can provide a loan of up to 100 % of project cost.
NFES was established in 1992. Agents of the Fund for loans are 44 banks and non-bank credit organizations.
In 2013, the Fund disbursed subsidized loans for 275 million manat . This year's planned issuance of preferential loans is in the amount of 280 million manat . - 17D-
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review