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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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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