Investment projects for Samukh region development announced

Photo: Investment projects for Samukh region development announced / Economy news

Baku, Azerbaijan, Feb.25

By Emin Aliyev- Trend:

The National Entrepreneurship Support Fund under the Azerbaijani Economic Development Ministry has started receiving investment projects from entrepreneurs for the priority areas of development in the Samukh region, the ministry said on Feb. 25.

According to the information, an event entitled 'State support for entrepreneurship development in the regions' was held in the village of Lak in the Samukh region. During the event, discussions were held with entrepreneurs on effective use of the current economic climate. Proposals from entrepreneurs for financing investment projects to create a modern bakery, family farming for 50 cows and modern greenhouse and vineyard holdings were received.

According to the rules of using the fund's money, at present, entrepreneurs may apply to the fund through authorized credit organizations. Upon the request of entrepreneurs, small projects can be fully financed by concessional loans.

Translated by S.I.
Edited by C.N

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