Projects for Entrepreneurs in Dashkesan
Priority areas of lending business in the Dashkesan region have been defined. According to the National Fund for Entrepreneurship Support (NFES), in this region it is advisable to create livestock, beekeeping and potato-growing farms, enterprises processing and packaging fruits, enterprises for the production of plastic windows and doors, decorative stone, socks and sweets.
Special projects will be discounted - the authorized credit organizations of the Fund will definitely take them and give the authors of the draft advice. The Fund may allocate even a loan of up to 100% of the project cost.
NFES was established in 1992. Its credit agents are more than 50 banks and micro-finance organization. Last year, the volume of lending to local businesses through NFES was at 295 million manat. --17D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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