Investment projects to be received for Azerbaijan’s Shabran region development

Photo: Investment projects to be received for Azerbaijan’s Shabran region development / Economy news

Baku, Azerbaijan, June 18

Trend:

The National Entrepreneurship Support Fund under the Azerbaijani Ministry of Economy and Industry has begun receiving investment projects for priority areas of the Shabran region's development from entrepreneurs, the ministry said on June 18.

A business forum on providing the entrepreneurs with preferential loans was held in the village of Shahnazarli in the Shabran region on June 13.

Discussions were held among the entrepreneurs to efficiently use the existing economic potential of the region. The process of receiving the entrepreneurs' proposals was expedient to finance investment projects to establish the bakeries, modern family dairy farms (50 head of cattle), cheese dairies and other areas.

The entrepreneurs may apply to the national fund through authorized credit organizations from June 18 in accordance with the rules of using the fund's money. At the request of entrepreneurs small projects can be fully financed through concessional loans.

edited by CN

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