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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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