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 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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