BAKU, Azerbaijan, April 25. A system of special investment sources and additional preferential loans will be shortly introduced to support entrepreneurial projects in Azerbaijan's Karabakh and East Zangezur economic regions, Azerbaijani Minister of Economy Mikayil Jabbarov said, Trend reports.
He made the remark in a video message during a conference on the topic "A New Period of Socio-Economic Development of Azerbaijan".
According to him, Azerbaijan's private sector has created over 385 jobs since 2019.
"Today we are faced with a more ambitious task. Contributing to the revival of territories liberated from occupation is the moral duty of each of us. We lived with a dream for today. Therefore, the active participation of our entrepreneurs in this process is important.
The socio-economic development of each country is directly related to the development of the private sector. Significant year-on-year growth in economic indicators, including in the field of entrepreneurship, is the result of the work done. This indicates that we are on the right track,” he added.
To note, following the liberation of its territories from Armenian occupation in 2020, Azerbaijan started large-scale restoration and reconstruction activities and made relevant investments.
Thus, investments in fixed assets in the development of Karabakh and Eastern Zangezur economic regions totaled nearly 6.4 billion manat ($3.8 billion) in 2023.
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