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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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