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Nakhchivan's Entrepreneurship Fund in Azerbaijan sees subsidized loan repayments soar

Economy Materials 10 September 2024 13:14 (UTC +04:00)
Nakhchivan's Entrepreneurship Fund in Azerbaijan sees subsidized loan repayments soar
Farid Zohrabov
Farid Zohrabov
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BAKU, Azerbaijan, September 10. The Entrepreneurship Development Fund of the Nakhchivan Autonomous Republic received repayments totaling 14.3 million manat ($8.41 mln) from January to August 2024 for subsidized loans, Trend reports.

This amount represents a 3.8-fold increase compared to the same period last year.

Over the past 8 months, overdue loan repayments amounted to 10.3 million manat ($6.05 mln), marking a 21.1-fold increase from the previous year.

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