External Financing of Azerbaijan’s Agriculture

S. I.HUMBATOVA1 and N. G.-O. HAJIYEV2
1 Azerbaijan State University of Economics (UNEC), Teacher Department Price and Apprecation, Economics Azerbaijan Scientifi c Research of Economy and Organization of Agriculture Institute (ASREOAI), AZ-1100, Baku, Azerbaijan
2 Azerbaijan State University of Economics (UNEC); Department Regulation of Economy, AZ-1100, Baku, Azerbaijan

Abstract

HUMBATOVA, S. I. and N. G.-O. HAJIYEV, 2016. External financing of Azerbaijan’s agriculture. Bulg. J. Agric. Sci., 22: 875–892

The article investigates formation and normal activity of human capital which performs main resource of modern economic development and infl uence of external fi nancing in the fi eld of food security, which acts as the main part of economy of Azerbaijan that newly got independence. Roles of subsidy, microfi nancing and loans were examined. It is confi rmed Ntional Fund for Entrepreneurship Support (NFES) of the Republic that allocated the agricultural sector production and processing of loans, provision of bank loans to the agricultural sector. Under the infl uence of the economic performance of the agricultural sector development trends of the loan were based on the economic and mathematical models and charts were drawn. By the time forecasts were prepared it became clear that loans, especially state fi nance support depend on oil sphere.

Key words: subsidy, microfi nancing, loans
Abbreviations: NFES – National Fund for Entrepreneurship Support

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