Approx AZN 50mln of Privilege Credits Issued Through National Fund for Entrepreneurship Support
Azerbaijan, Baku / corr. Trend / By 1 September 2007, a total of AZN 49.4mln of privilege credits was allocated to 434 entrepreneurs in 49 regions of Azerbaijan through the National Fund for Entrepreneurship Support.
The Ministry of Economic Development reported that the budget will be invested in industry production to develop agricultural productions, develop tourist infrastructure and farm housing. About 90% of the projects are directed to develop production and implementation of different spheres and to open 6,500 new jobs.
The State Budget is planning to allocate AZN 80mln to develop the entrepreneurship for 2007. The National Fund will allocate AZN 74mln.