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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

30.11.2017 Businessmen in Azerbaijan get pr

Businessmen in Azerbaijan get preferential loans to build greenhouses


Source:, 2017-11-08

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.


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30.11.2017 Azerbaijan

Azerbaijanís Food Security Agency to improve control over quality of products


Source:, 2017-11-14

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


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30.11.2017 EU helps green port development

EU helps green port development in Azerbaijan


Source:, 2017-11-15

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 environmental protection.

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.

30.11.2017 New agricultural park to appear

New agricultural park to appear in another region of Azerbaijan


Source:, 2017-11-21

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 production enterprises.

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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