The total amount of concession loans to entrepreneurs in Azerbaijan through the National Fund for Entrepreneurship Support (NFES) is about 1.3 billion manat.
According to the fund for the period activities NFES entrepreneurs in Azerbaijan issued preferential loans worth a total of 1,298,241,151 manats. Concession loans were issued to 21,121 entrepreneurs.
NFES was established in 1992. Agents fund for loans are 44 banks and non-bank credit organizations.
In the past, the Fund disbursed loans totaling 275 million manat. In 2014 the volume of concession lending to entrepreneurs from the Fund is 280 million manats.
The main part of the loans is granted to agriculture. In January - April this year, the share of agriculture amounted to 4.37% of the gross domestic product of Azerbaijan. - 17D-
Economics
-
Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
-
The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
-
Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
-
In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
Leave a review