Azerbaijan, Baku, May 20 / Trend N.Ismayilova /
The Azerbaijani Economic Development Ministry's National Fund for Entrepreneurship Support (NFES) plans to allocate around 30-35 million manat to finance investment projects in Baku and its settlements by late 2011, NFES CEO Shirzad Abdullayev told Trend on Friday.
"Today, the government considers the possibility of allocating additional funds to the NFES," Abdullayev said.
President Ilham Aliyev signed a decree on May 4 to approve the state socioeconomic development program for Baku in 2011-2013.
Abdullayev said the program envisages the construction of greenhouses on 32 acres. The construction of greenhouses on 20 hectares is planned to be financed soon.
"The program provides for development of areas such as production of saffron, production of olive, as well as for construction of companies for their processing, creation of poultry farms, meat processing
company, and greenhouses.
The NFES has allocated some 18.5 percent (7.8 million manat) to finance 81 investment projects in Baku and its settlements since early 2011.
The official exchange rate is 0.7902 manat to $1 on May 20.