Almost 91 percent of concessional financing for 2012 mastered in Azerbaijan
Azerbaijan, Baku, Oct. 12 / Trend J. Nasibova /
The Azerbaijani National Entrepreneurship Support Fund has allocated subsidized loans worth up to 181.8 million manat to finance over 2,050 investment projects since early 2012, the fund executive director Shirzad Abdullayev said today.
Implementing these projects will contribute to opening over 7,500 new jobs.
Around 100 million manat of these funds fall to 1,156 entrepreneurs operating in Guba-Khachmaz economic region.
The fund plans to give loans worth 200 million manat in 2012. Around 110 million manat will be ensured as a result of returning the loans.
The fund was established in 1992. The loans are delivered to entrepreneurs through authorized banks and non-bank credit organizations. Their total number is 43.
The official exchange rate is 0,785 AZN/USD on Oct. 12.