Baku, Azerbaijan, Jan. 26
By Huseyn Valiyev - Trend:
The State Fund for Development of Information Technologies under the Azerbaijani Ministry of Communications and High Technologies will render financial support to Acer company's computer production project in Azerbaijan (tablets, desktops and laptops), executive director of the State Fund Elchin Zeynalov told Trend Jan. 23.
He said that huge funds will be required to implement this large-scale project.
"The project is still in its infancy," he said. "The organizational issues are being solved. The project cost can amount to millions AZN. The Supervisory Board of the State Fund intends to take a decision on this project next week."
The production capacity of the Minchechevir KUR plant is considered for Acer company's computer production. The Azerbaijani BestComp Group IT-company is also the project partner.
"The project will gain relevance after KUR plant gets the status of a branch of the High Technology Park," he said. "The production may be launched this year. But everything will depend on a period of solving the organizational issues."
A large part of the budget of the state fund will be directed on loan financing of IT-projects in 2015, member of the Supervisory Board of the State Fund, chairman of the Internet community of Azerbaijan Osman Gunduz told Trend earlier.
He said that around 5 million AZN will be allocated from the state budget to support IT-projects in 2015 as in 2014.
The small, medium and large loans are planned to be issued to finance the projects.
The amount of small loans can range from 10,000 to 50,000 AZN (over three years), medium - from 50,000 to 500,000 AZN (up to five years), large - from 500,000 to 5 million AZN (up to 10 years). The interest rate on loans will not exceed five percent per annum.
The State Fund for Development of Information Technologies was established in accordance with the presidential decree dated March 15, 2012.
The main objectives of the fund are to hold the state policy on development and support of small scientific and technological enterprises, to render them the direct financial assistance, to train the staff. This will contribute to the creation of new jobs in the country.
The official exchange rate is 0.7844 AZN/USD Jan. 26.
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Edited by CN