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
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
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.
-
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.
-
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.
Leave a review