BAKU/21.10.13/TURAN National Fund for Entrepreneurship Support (NFES) granted to entrepreneurs in Gobustan and the surrounding areas of soft loans.
As reported in the fund, the fund is authorized agents of the 43rd business entities were granted loans totaling 494.5 thousand manats, which in turn will create over 70 new jobs.
Since the beginning of this year to fund more than 3,600 investment projects provided more than 247.2 million manat. For all the time in the Nagorno-Shirvan economic zone was implemented in 1035 projects worth 39.1 million manat.
NFES was established in 1992 and active lending by the fund began in 2002. Issuance of loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2012 the fund to finance investment projects in 2400 areas allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats. Thus, the fund has mastered 98.9% of the budget. - 15D -
Economics
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
-
Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
Leave a review