The priorities in lending business in the Shamkir region have been clarified. According to the information on the website of the National Fund for Entrepreneurship Support (NFES), they consider most appropriate lending to family farms with 50 head of dairy cattle, modern greenhouses, gardens of pomegranates and persimmons, and potato-growing farms.
According to the announcement, local businesses can not only provide their projects to the authorized credit institutions of the Fund, but also expect to receive appropriate consultations with the possibility of granting loans in the full cost of the project.
NFES was established in 1992. Its agents in lending are 46 banks and micro-finance organizations.
Last year, the Fund issued preferential loans of 275 million manat, and the program for this year is 280 million manat. --17D-
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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