Priorities identified for entrepreneurs of Shabran
The National Fund for Entrepreneurship Support (NFES) recommended Shabran entrepreneurs to engage in the production of milk on farms with up to 50 head of cattle.
In addition, the priorities of local food programs related construction of mini factories for the production of bakery products, intensive viticulture farms and enterprises for the production of cheese. Businessmen do not food destinations recommended by manufacturer of doors and windows made of plastic.
As stated in the NFES, targeted projects for Shabran entrepreneurs will receive special attention. The fund can be consulted at opportunities for entrepreneurs allocate a loan of up to 100% of project cost.
NFES was established in 1992. Agents of the Fund for loans are 46 bank and non-bank credit organizations. In 2013, the Fund disbursed subsidized loans for 275 million manat. In 2014 the Fund plans to issue loans of 280 million manat. - 17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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