Azerbaijani entrepreneurs receive favorable loans worth half million manat
Azerbaijan, Baku, Oct.8 / Trend, N.Ismayilova /
Some 42 entrepreneurs from Gazakh region and surrounding regions got loans on favourable terms in the amount of 542,000 manat through the National Fund for Entrepreneurship Support under the Azerbaijani Ministry of Economic Development, the Ministry of Economic Development said.
Implementation of the projects will facilitate to open more than 70 new jobs, the report said.
The NFES organized the next event with the participation of about 250 entrepreneurs from Ganja-Gazakh economic region.
During the event, priority spheres in the Gazakh economic region for preferential funding of projects were also identified.
The event participants got familiarized with the activity of cooling warehouse with capacity of 1,000 tons in Shamkir built by Meqas Company, which attracted the NFES's favorable loan. The participants also were acquainted with the construction of a hothouse complex with a capacity of 2,000 tons built by AzAqro Company, as well as a cooling warehouse with the capacity of 1,500 tons in Tovuz built by Premyer Company.
The fund held the training. The entrepreneurs were briefed on the mechanism of granting preferential loans, the formation of business ideas, the preparation and submission of investment projects.
As of Oct. 8, the official exchange rate is 0. 8021 manat to $1.