Priorities for businesses in the Khazar district of the capital are mainly in the agricultural area.
According to the announcement of the National Fund for Entrepreneurship Support (NFES), it considers appropriate crediting of projects of greenhouses, enterprises for the production of facing stone, meat cutting and plastic containers, as well as farms for the cultivation of olives and grapes in the greenhouse conditions.
With such projects people may apply to credit institutions authorized by the Fund, as well as for the appropriate counseling. They can even count on a loan of up to 100% of the project cost.
NFES was established in 1992. Its agents in the issuance of loans are 57 banks and non-bank credit organizations.
Last year, through the NFES local entrepreneurs received 295 million manats. In absolute terms, 80% of the funds were received by large farms controlled by monopolists. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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