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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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