The National Entrepreneurship Support Fund (NESF) under the Ministry of Economic Development of Azerbaijan has started to receive investment projects in priority areas in Agdash.
As stated by the ministry, there will be accepted projects to create a modern bakery, small livestock breeding farms, and farms of intensive gardening.
From today, the subjects have the right to apply to the fund through authorized credit institutions, the report said.
The NESF was established in 1992 and its active lending began in 2002. Issuance of loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2012, the fund financed 2,400 investment projects and identified 218 million manats. NESF loans in 2013 are forecast at 250 million manats.
Since the beginning of the year, NESF has financed 2,697 investment projects and allocated 208.4 million manat. - 15D
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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