BAKU, Azerbaijan, January 12. The Azerbaijan Entrepreneurship Development Fund has provided preferential loans to more than 45,600 business entities over the past 20 years, said President of the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan Mammad Musayev, Trend reports.
Musayev made the statement during a conference titled "State-business partnership: the basis of a sustainable economy" held in Baku.
“Business entities were provided with preferential loans worth over three billion manat ($1.7 billion), and more than 176,000 new jobs were created,” he noted. "The development of entrepreneurship in Azerbaijan has become one of the most important elements of regional economic policy."
"Over the past years, infrastructure projects have been successfully implemented in cities, regions, villages, and towns. Consistent measures have been taken to improve the living conditions of the country's citizens, and currently the scale of such projects is expanding. Since 2004, more than 52,000 new enterprises and more than 1.8 million new jobs have been created in the regions," the official added.
The conference held at the Heydar Aliyev Center in Baku was initiated by representatives of various business associations and entrepreneurs working in industries such as manufacturing, construction, agriculture, logistics, ICT, healthcare, insurance, tourism, textiles, and other sectors.
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