BAKU, Azerbaijan, January 17. The Azerbaijani Entrepreneurship Development Fund has started providing soft loans to entrepreneurs operating in the Nakhchivan Autonomous Republic in 2023, said the fund's Chairman of the Management Board, Osman Khaliyev, Trend reports.
Khaliyev made his statement during the press conference dedicated to the results of activity for 2023.
A total of 27 entrepreneurs operating in the territory of the Nakhchivan Autonomous Republic took advantage of a soft loan of 2.2 million manat or $1.29 million.
"In addition, soft loans have been allocated for four projects in the territories liberated from Armenian occupation. The total amount of soft loans allocated to these projects totaled 11.5 million manat ($6.8 million)," he noted.
In total, the Entrepreneurship Development Fund of Azerbaijan financed 2,726 investment projects in 2022. The Fund has issued soft loans worth 145.9 million manat or $85.8 million.
According to the Fund's information, 87.1 million manat ($51.2 million) of the issued loans are for the production of agricultural products, 37.3 million manat ($21.9 million) for the production and processing of industrial products, 9.1 million manat ($5.4 million) for tourism, and 12.4 million manat ($7.3 million) for other sectors.
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