The desired business lines in the Salyan region have been determined.
As stated in the declaration of the National Fund for Entrepreneurship Support (NFES), they will consider advantageous projects to create specialized agricultural shops, modern cattle-breeding complexes, grain-growing businesses, growing soybeans, intensive gardening and greenhouses.
Holders of such projects will have priority in consultation with the authorized credit organizations. With a little luck, banks can give them a loan of up to the full cost of the projects.
NESF at the Ministry of Economy of Azerbaijan was established in 1992. Its agents are 59 banks and micro-finance organizations. Last year, for the needs of the business it allocated AZN 295 million. It plans to allocate AZN 250 million by the end of this year. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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