The National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan has started to receive from the owners of investment projects in priority areas in the village Rasulzade of the Binagadi district of the capital.
As stated in the ministry here will be accepted projects to establish a modern enterprise for cutting meat, and small and medium-sized greenhouses.
From today, the subjects have the right to apply to the fund by authorized credit institutions, the report said.
NFES was established in 1992 and active lending by the Fund began in 2002. Issuance of loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2012 the fund to finance 2,400 investment projects allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats.
Since the beginning of the year, to finance 2,871 investment projects there has already been allocated 216.8 million manat. - 15D
Economics
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The World Bank is in the final stages of drafting a new Partnership Framework Program (RFP) with Azerbaijan, set to cover the period from 2025 to 2029. This strategic development was revealed during a meeting between Azerbaijani Prime Minister Ali Asadov and Ines Rocha, Regional Director of the International Finance Corporation (IFC), a member of the World Bank Group. The framework is expected to be finalized and approved by the Executive Board of the World Bank in late October 2024, with key priorities focusing on public-private partnerships, sustainable development, and investment projects aimed at economic diversification.
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September 5, during the working visit of Azerbaijan's President to Italy. The event, supported by Italy's Ministry of Enterprises and "Made in Italy," Azerbaijan's Ministry of Economy, the Azerbaijan Export and Investment Promotion Agency (AZPROMO), and Italy's leading industrial association Confindustria, brought together officials and business leaders to explore economic cooperation beyond the energy sector.
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The Cabinet of Ministers of Azerbaijan approved new rules for the transportation of goods by rail on September 3, aimed at enhancing the efficiency of freight transport across the country’s railway network. The decision is part of a 2015 presidential decree designed to improve the operations of the state-owned Closed Joint-Stock Company “Azerbaijan Railways.”
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On September 3, the Cabinet of Ministers of Azerbaijan approved a new list of fixed assets that are the subject of leasing contracts and exempt from value-added tax (VAT) on imports, in accordance with recent amendments to the country's Tax Code.
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