Azerbaijani National Entrepreneurship Support Fund appeals to receive second tranche
Azerbaijan, Baku, Jul.18 / Trend N.Ismayilova /
The National Entrepreneurship Support Fund (NESF) under the Azerbaijani Economic Development Ministry appealed to the Azerbaijani Finance Ministry to receive the second tranche worth 37 million manat provided in the 2009 public budget, Executive Director of the fund Shirzad Abdullayev said.
The 2009 public budget will issue 74 million manat to the NESF. The fund received the first tranche worth 37 million in early 2009.
It is planned to issue about 130 million manat lax loans through the fund in 2009. Some 74 million manat of this amount fell to the budget funds and 56 million manat - to earlier issued loan sources.
Some 45 million manat from the planned lax loan have already been placed. The rest 85 million will be placed depending on validity of appeals at the NESF.
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