National Entrepreneurship Support Fund (NESF) has identified priority areas for lending to businesses in the metropolitan area Surakhani.
According to the report, they will lend shops selling environmentally friendly agricultural products, companies cutting meat, farm shops, modern greenhouses agriculture and farms for growing olives.
The site notes that entrepreneurs who plan to work in this direction will be supported in the first place – in NESF they can get relevant advice and even a loan of up to 100% of the project cost.
NESF was established in 1992. Agents of the Fund for loans are 46 bank and non-bank credit organizations. In 2013, the Fund issued preferential loans totaling 275 million manat. In 2014 the Fund plans to extend credits in the amount of 280 million manat.
The total volume of concession loans since 1992 has been 1,413,164,150 manat. --17D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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