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Lax loaning of entrepreneurs continues in Azerbaijani regions

Business Materials 12 June 2009 18:22 (UTC +04:00)

Azerbaijan, Baku, June 12 / Trend N. Ismayilova /

The National Fund for Entrepreneurship Support under the Azerbaijani ministry of economic development conducted the meeting State support of entrepreneurship development in regions in Yevlakh, the ministry said on June 12.

Over 400 entrepreneurs from Yevlakh, Barda and Terter regions participated in the meeting.

Participants familiarized with construction-assembling operations conducted in two enterprises, including Lale-Tekstil producing textile and knitted wear and Lale-Kemikl producing cleansers. They have recently got investment loan in the amount of 2 million manat at preferential terms. Functioning of these two enterprises allowed establishing over 700 new jobs.  

On June 12, the official exchange rate is 0.8038 manat to $1.

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