Azerbaijan, Baku, Oct. 29 / Trend N.Ismayilova /
The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Economic Development Ministry issues favorable loans totaling approximately 350,000 manat to 29 entrepreneurs of the Neftchala and nearby regions today, the ministry said.
Some 55 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 Neftchala economic area. The event also defined priority areas in the Neftchala economic area for confessional financing of projects
The Participants familiarized with refrigeration warehouse with capacity of 2,000 tons in Hajigabul and also the activities of the Yurd El company in Salyan, which attracted a concessional loan from the NFES.
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 0.8007 manat to $1 Oct. 20.