BAKU, Azerbaijan, October 9. The Entrepreneurship Development Fund of the Republic of Azerbaijan, one of the main goals of which is to stimulate local production and business, has provided a preferential loan to Miran-19 LLC, the Minister of Economy of Azerbaijan, Mikayil Jabbarov said, Trend reports.
“Miran-19 LLC has received 195,000 manat ($114,705) in concessional loans from the Entrepreneurship Development Fund for the project aimed at plastic goods production. The project will be executed in the Lankaran district,” said Jabbarov on X (Twitter).
The Entrepreneurship Development Fund financed 2,726 investment projects in 2022. In total, the Fund has issued concessional loans in the amount of 145.9 million manat ($85.8 million).
According to the Fund, a total of 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 goods, 9.1 million manat ($5.3 million) for tourism, and 12.4 million manat ($7.2 million) for other industries.