The National Fund for Entrepreneurship Support (NFES ) under the Ministry of Economic Development funded over three quarters of 2013 3,527 projects for a total amount of 245.2 million manat. This is quantified by 72.7 %, and in total - 44.3 % more than in 2012.
As stated in the Fund for the reporting period to finance 57 large projects were allocated 200.7 million or 81.9 % of total assets. On 3,452 small projects 41.9 million manat was allocated and on 18 average projects 2.62 million manat was allocated. The result has been to create more than 10.16 million new jobs.
The projects were mainly implemented in the production and processing of agriculture and industry. -15D -
Economics
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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Greek Prime Minister Kyriakos Mitsotakis on Wednesday urged European leaders to pursue a "smart green deal" at the COP29 summit in Baku, advocating for a balanced approach to the energy transition that takes into account both environmental and economic realities.
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