The National Fund for Entrepreneurship Support (NFES) under the Ministry of Economy held a business forum in the Gusar region on July 28.
During the forum 45 local businessmen through the authorized credit organizations were issued preferential loans of AZN 622,000. The credits were obtained for agricultural and industrial projects.
As the NFES executive director Shirzad Abdullayev said, in the whole country 1,423 entrepreneurs were allocated NFES credits totaling 77.2 million manats from the beginning of this year.
Total in 2016 NFES plans to issue 250 million AZN to entrepreneurs. -0-
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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