Baku, Azerbaijan, July 20
By Anvar Mammadov - Trend:
National Fund for Entrepreneurship Support under Azerbaijan’s Economy Ministry has started to receive investment projects from entrepreneurs for priority areas of development of Baku’s Garadagh district.
A business forum dedicated to issuing preferential loans to entrepreneurs was held in Lokbatan settlement of Baku’s Garadagh district July 15, read a message from the National Fund for Entrepreneurship Support.
During the event, there were held discussions with entrepreneurs for the effective use of the district’s economic potential.
Moreover, the meeting participants noted that it is expedient to receive proposals from business entities for financing investment projects on creating enterprises for meat cutting, production of plastic dishes, roofing and confectionery.
In accordance with the rules of using the funds of the National Fund for Entrepreneurship Support, the business entities can appeal to the Fund through the authorized credit organizations. At the request of entrepreneurs, small projects can be fully financed by using preferential loans.
National Fund for Entrepreneurship Support was created in 1992. The loans are issued to entrepreneurs through the authorized banks and non-bank credit organizations, the total number of which is 59.
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