The priority areas for lending to entrepreneurs in the Khazar district of the capital are known. According to the National Fund for Entrepreneurship Support (NFES), the lending will regard specialized green stores, livestock and bee farms, enterprises for the production of plastic doors, windows, decorative stone and socks.
Those who present special projects may be eligible for appropriate advice and even a loan of up to 100% of the project cost.
NFES was established in 1992. Agents of the Fund for loans are 50 banks and non-bank credit institutions. The volume of lending to entrepreneurs in Azerbaijan through NFES in 2014 amounted to 295 million AZN. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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