The priority areas for lending to entrepreneurs of the Sabunchu district of the capital have been defined.
According to the National Fund for Entrepreneurship Support (NFES) under local conditions it is best to open "green shops", small greenhouses, enterprises for meat cutting, production of pasta, ice cream and sweets.
Entrepreneurs that prefer these areas may be eligible for appropriate advice and a loan of up to 100% of the project cost.
NFES at the Ministry of Economy and Industry was established in 1992. Its agents to extend credits are 50 banks and non-bank credit organizations. Over the past year the volume of business lending by the Fund amounted to 295 million AZN. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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