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Azerbaijan reveals loan guarantee amount paid to entrepreneurs, affected by COVID-19 pandemic

Economy Materials 2 November 2022 21:17 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, November 2. A total of 36.2 million manat ($21.29 million) of subsidies were paid to entrepreneurs, affected by the COVID-19 pandemic, from June 2020 through October 1, 2022, Azerbaijani Minister of Economy Mikayil Jabbarov tweeted, Trend reports.

"Azerbaijan's Entrepreneurship Development Fund Entrepreneurs guaranteed 291.8 million manat ($171.6 million) to 2,630 applications of entrepreneurs with a credit demand of 499.8 million manat ($294.01 million), within the framework of the state-guaranteed credit and subsidy support," the minister wrote.

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