The National Entrepreneurship Support Fund (NESF) has identified priority areas for lending business in Khachmaz.
As stated in the declaration of the Fund on the website of the Ministry of Economy and Industry, it is recommended to draft special stores selling organic food. In addition, farmers are welcome to open shops, mini bakeries, meat cutting businesses and farms of intensive gardening.
Businessmen meeting the criteria may be authorized in the credit institutions to fund their projects and can rely on appropriate consultations, as well as a loan of up to 100% of the cost of the project, it is noted in the ad.
NESF was established in 1992. The agents of the Fund for loans are 46 bank and non-bank credit organizations. In 2013, the Fund disbursed subsidized loans for 275 million AZN. In 2014, the Fund plans to extend a credit in the amount of 280 mln AZN. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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