The priority spheres of the National Fund for Entrepreneurship Support (NFES) for lending to entrepreneurs in Barda have been identified.
As stated in the information, priority will be given to livestock operations, enterprises for the production of cheese, facing stone and socks, "green" and small farm shops, as well as farms of intensive gardening.
Businessmen who specialize in these areas of agribusiness and services may apply to the authorized credit institutions for funding their projects in the hope of obtaining appropriate advice and even loan up to 100% of the appraised value of the project.
NFES was established in 1992. Agents of the Fund for loans are 50 banks and non-credit institutions. The volume of lending to local entrepreneurs through NFES last year amounted to 295 million manat. --17D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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