Azerbaijan, Baku, Oct. 22 / Trend A.Akhundov /
The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Economic Development Ministry issues favorable loans totaling approximately 406,000 manat to 34 entrepreneurs of Zardab and nearby regions today, the ministry said.
Some 60 new job places will be opened at the expense of these funds.
The (NFES) organized the next event, which was attended by about 250 entrepreneurs, working in Aran economic area. The event also defined priority areas in the Zardab economic area for confessional financing of projects
The Participants familiarized with refrigeration warehouse with capacity of 2,000 tons in Goychay of the Parallel Company, which attracted the NFES favorable loan, construction of a plant for processing grapes with capacity of 100,000 liters of cognac alcohol per year by the Goychay cognac plant, and construction a livestock complex for 800 head of cattle by the Turyancay FT Company.
The NFES also held a training session during which the entrepreneurs were briefed on the mechanism of issuing favorable loans, the formation of business ideas, and the preparation of and rules for investment projects.
The official exchange rate is 0.8012 manat to $1 Oct. 22.