Azerbaijan, Baku, Dec. 21 / Trend N.Ismayilova /
The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Economic Development Ministry issues favorable loans totaling 165,000 manat to 12 entrepreneurs of Khizi and nearby regions today, the ministry said.
About 30 new job places will be opened at the expense of these funds.
During the event, participants got familiarized with the progress of construction works "Shurabad Broyler" with a production capacity of 11 million eggs per year and "Shurabad Qushchuluq" with capacity of 12 million eggs and 2,500 tons of poultry meat a year.
The (NFES) organized the next event in Khizi, which was attended by about 60 entrepreneurs. The event also defined priority areas in Khizi for confessional financing of projects.
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.
Since early 2010, the fund has allocated favorable loans worth 113.2 million manat to 1,399 entrepreneurs. Over 5,500 new jobs will be opened thanks to these loans, whose great part fell to the country's regions.
The official exchange rate is 0.7987 manat to $1 Dec. 21.