The priority in lending business in Agsu has been identified. According to the information on the website of the National Fund for Entrepreneurship Support (NFES), the advantage will be given to villagers opening modern family livestock farms with 50 head of cattle, farms of intensive gardening and beekeeping, as well as enterprises for the production of cheese, dried fruit and cotton socks.
Those who are drawn to this type of business can safely provide their projects to the authorized credit institutions and receive advice and loan of up to 100% of the project cost.
NFES was established in 1992. Agents of the Fund for loans are 50 banks and non-credit institutions. The volume of lending to entrepreneurs in Azerbaijan through NFES amounted to 295 million AZN in 2014. --17D-
Economics
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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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