The priority directions of business lending in the Khachmaz region through the National Fund for Entrepreneurship Support (NFES) have been identified.
According to the Ministry of Economy, local business people should develop projects of intensive horticultural farms, shops selling environmentally friendly products, agroindustrial complex, livestock farms, modern greenhouse complexes, enterprises for processing of milk and production of sweets.
Those who prefer this may be eligible for advice from the Fund experts, and if lucky, the allocation of money up to 100% of the loan value.
NFES has been operating since 1992 and provides loans, including discounted ones, through 59 agents - banks and micro-finance organization.
According to official data, last year the volume of concessional lending to entrepreneurs from the Fund amounted to 248.5 million AZN. Approximately the same will be allocated by the government this year. --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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