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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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