The priority in lending businesses in Oguz has been determined. According to the National Fund for Entrepreneurship Support (NFES), considered to be the most appropriate are projects for specialized "green shopping" and family farms with up to 50 head of dairy cattle. In addition, local conditions may demand intensive vegetable growing farms, grain farms, wine growing and bee-keeping, as well as enterprises for the production of cheese, dried fruits and sweets.
The authors of these projects can count on the support of the Fund and the relevant advice. In addition, loans may be allocated, amounting up to 100% of the cost of the project, the website of the Ministry of Economy and Industry reported.
NFES was established in 1992. It provides loans through agents - 50 banks and non-bank credit organizations. Last year, it allocated 295 million manats. --17D-
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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