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Azerbaijan not to suspend interest subsidies to entrepreneurs with restructured loan - decree

Politics Materials 27 May 2024 17:03 (UTC +04:00)
Azerbaijan not to suspend interest subsidies to entrepreneurs with restructured loan - decree
Asif Mehman
Asif Mehman
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BAKU, Azerbaijan, May 27. President of the Republic of Azerbaijan Ilham Aliyev has amended the “Procedure for granting interest subsidies to entrepreneurs through the Entrepreneurship Development Fund of the Republic of Azerbaijan on loans received by entrepreneurs in manats from credit organizations,” approved by the decree of February 1, 2024, Trend reports.

President Ilham Aliyev signed a new decree in this regard.

According to the decree, the payment of interest subsidies to entrepreneurs whose loans were restructured due to late payments for more than 90 days will not be suspended from now on.

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