Priorities of lending agricultural projects in the city Gedabek have been determined. According to the information of the National Fund for Entrepreneurship Support (NFES) under the Ministry of Economy and Industry, in the midlands it is beneficial to plant the potatoes, to develop beekeeping, cattle breeding, open the "green shopping". In addition, it is necessary to do industrial processing and packaging of forest fruit and honey, and produce sweets.
Projects in this area will be accepted first. In addition, the "right" business can rely on appropriate consultation authorized personnel fund. If it is possible employers can even count on the loan in full the cost of the project.
NFES was established in 1992, and its agents in the issuance of loans are more than 50 banks and micro-finance organization. Last year, the volume of lending to entrepreneurs by the Fund amounted to 295 million AZN. --17D-
Economics
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Russian delegates at the COP 29 climate summit have reaffirmed their commitment to upholding the principles of the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The Russian Federation stressed the importance of adhering to the principle of "common but differentiated responsibilities," arguing that developed nations must continue to honor their commitments to climate finance, while allowing developing countries to contribute on a voluntary basis.
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The world faces a shortfall of up to $87 billion annually for climate adaptation efforts by 2030, according to Lord Livermore, Financial Secretary to the UK Treasury. Speaking at the panel discussion titled "Mobilizing for Climate Action: Countries, Multilateral Financial Organizations, and the Private Sector Implementing the Paris Agreement," Livermore highlighted the urgent need for increased investment in adaptation measures.
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In the first nine months of 2024, Azerbaijan’s alcohol and non-alcoholic beverage production totaled a mere $53 million, underscoring the dismal outcomes of the State Program for the Development of Winemaking (2018–2025). Despite being endorsed by the president in 2018, the program has delivered lackluster results despite formal state funding. In essence, the state intervention intended to foster growth in the industry has yielded minimal success.
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Azerbaijan and EIB Global, the European Investment Bank’s external branch, signed a Memorandum of Understanding (MoU) at the COP29 climate summit to modernize and expand the Baku metro network, officials said on Thursday.
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