The priority of lending business in the Masalli region has been determined.
As stated in the declaration of the National Fund for Entrepreneurship Support (NFES), they consider appropriate projects to create specialized "green shops", as well as greenhouses, livestock, potato-growing and horticultural farms, including the processing of strawberries. NFES is also interested in companies for meat cutting, production of plastic doors, windows and decorative stone.
Those who submit projects in these areas to the authorized credit organizations of the Fund can rely on appropriate consultation. At the same time, based on the wishes of entrepreneurs, NFES can provide a loan of up to 100% of the project cost.
NFES was established in 1992. Its agents in lending are 50 banks and non-banking credit organizations. The volume of lending to entrepreneurs in Azerbaijan through the NFES in 2014 amounted to 295 million AZN. --17D-
Economics
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Azerbaijan's economy demonstrated robust growth from January to November 2024, with gross domestic product (GDP) rising by 4.7% compared to the same period last year, according to government data. By September, GDP had reached 92.83 billion manats (approximately $54.7 billion USD), reflecting significant progress in diversifying beyond oil and gas, a longstanding focus of economic policy.
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A recent report by the World Bank titled “Breaking Barriers for Women’s Employment in Azerbaijan” sheds light on the significant gender imbalance in the country’s labor market. While both men and women participate actively in the labor force, disparities in employment rates, job quality, and societal attitudes highlight the challenges women continue to face.
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Azerbaijan's consumer price index rose by 4.4% in November 2024 compared to the same month in 2023, driven by higher costs for food, beverages, and services, government data showed on Tuesday.
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Kazakhstan has unveiled plans to develop five major cross-border trade and transport hubs to enhance connectivity and boost economic ties with neighboring countries, Trade and Integration Minister Arman Shakkaliev said on Monday during a government meeting.
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