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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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