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Azerbaijani entrepreneurs get favorable loans worth 744,000 manat

Business Materials 24 December 2010 17:32 (UTC +04:00)
The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Economic Development Ministry issues favorable loans totaling 744,000 manat to 13 entrepreneurs of Absheron region and nearby regions today, the ministry said.
Azerbaijani entrepreneurs get favorable loans worth 744,000 manat

Azerbaijan, Baku, Dec. 24 / Trend N.Ismayilova /

The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Economic Development Ministry issues favorable loans totaling 744,000 manat to 13 entrepreneurs of  Absheron region and nearby regions today, the ministry said.

About 40 new job places will be opened at the expense of these funds.

During the event, participants got familiarized with the progress of construction of a refrigeration warehouse with capacity of 4,000 tons by the "Delta Qrup CO" company and with the activity of the "Tenn" enterprise with a production capacity of 7.9 million eggs a year.

The (NFES) organized the next event in Sumgayit, which was attended by about 200 entrepreneurs. The event also defined priority areas in Khizi for confessional financing of projects.

Since early 2010, the fund has allocated favorable loans worth 114.9 million manat to 1,420 entrepreneurs. About 5,600 new jobs will be opened thanks to these loans, whose great part fell to the country's regions.

The official exchange rate is 0.7985 manat to $1 Dec. 24.

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