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 state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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