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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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