News From Azerbaijan >>
>> Businessmen in Azerbaijan get preferential loans to build greenhouses
>> Azerbaijanís Food Security Agency to improve control over quality of products
>> EU helps green port development in Azerbaijan
>> New agricultural park to appear in another region of Azerbaijan
Businessmen in Azerbaijan get pr
Businessmen in Azerbaijan get
preferential loans to build greenhouses
Azerbaijanís National Fund for Entrepreneurship Support has provided businessmen
in Baku and surrounding settlements with preferential loans worth 188 million
manats for construction of 58 modern greenhouses so far, the Azerbaijani
Ministry of Economy said in a statement Nov. 8.
Azerbaijanís National Fund for Entrepreneurship Support held a business forum in
Azerbaijanís Aghsu district Nov. 8, and about 90 entrepreneurs of the district
took part in the forum.
Speaking at the event, Shirzad Abdullayev, executive director of the fund, noted
that in general, entrepreneurs of the Mountainous Shirvan economic region
received preferential loans worth 69.6 million manats from the fund.
Read more at:
Azerbaijanís Food Security Agency
to improve control over quality of products
According to the former minister of agriculture of Azerbaijanís Nakhchivan
Autonomous Region, Rajab Orujov, the establishment of the Food Security Agency
will improve control over the quality of products in Azerbaijan, with food
security being one of the most important issues for the country
"This issue is
connected with the health of the population,Ē he said. ďFood poisoning is often
observed due to the abundance of nitrates used in fertilizers. There are also a
number of problems with packaging materials, especially when our products are
exported abroad. So I think the decision on the establishment of the Food
Security Agency is a timely and important step.Ē Orujov added that the agency
will control over food security.
"Today, the functions of ensuring food security are distributed among several
state agencies,Ē he said. ďThe coordination of these issues by a single
structure responsible for both imported and produced products will improve
control over food security. For example, the Ministry of Food, Agriculture and
Livestock deals with food security in neighboring Turkey.Ē
Read more at:
EU helps green port development
EU helps green port development in
A workshop in the Azerbaijani capital Baku on 20-21 November focused on new
initiatives in green and smart port developments. The workshop, which has been organised by the European Commissionís Technical Assistance and Information
Exchange Instrument (TAIEX), also looked at the promotion of green culture
and sustaining of green logistics chains.
The event was attended by representatives of the Azerbaijani government,
transport and logistic companies, as well as organisations and NGOs dealing with
The TAIEX experts that who conducted the workshop represent the following
EU organisations and institutions: the European Sea Ports Organisation, the
Institute of Studies on Mediterranean Societies, the Administration of Danube
Maritime Ports, and the Polytechnic University of Catalonia.
According to TAIEX, the workshop is one of the preliminary steps to support the
Port of Baku to become a greener organisation.
TAIEX is a demand-driven tool that supports partner countries with the
adaptation of national laws, regulations and quality standards to match those of
EU Member States in the framework of Cooperation or Association Agreements
signed with the EU. In the Eastern Neighborhood, TAIEX works with Armenia,
Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine.
New agricultural park to appear
New agricultural park to appear in
another region of Azerbaijan
The National Fund for Entrepreneurship Support (NFES) under the Economy Ministry
of Azerbaijan has begun accepting investment projects on priority development
areas of the Gakh district.
Following the business forum , the NFES considered it expedient to start
accepting business proposals for financing startups, as well as investment
projects for the creation of agro-parks, hotels, green markets, potato,
livestock and beekeeping farms, meat-cutting, milk processing and bread
Entrepreneurs can apply to the Fund through authorized banks and non-bank
lenders, in accordance with the rules for using the funds of the NFES. Small
projects can be fully financed through soft loans.
About 150 million manats ($88 million) will be issued for granting preferential
loans to entrepreneurs in 2017.
The main goal of the Fund, which was established in 1992, is to provide
preferential loans from the state budget for small and medium business, in order
to develop entrepreneurship in the Republic of Azerbaijan.
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