Baku, Azerbaijan, Feb. 21
By Azad Hasanli – Trend:
Azerbaijan’s National Fund for Entrepreneurship Support has started to receive investment projects on priority spheres of Shamkir district’s development, according to the Economy Ministry.
After a business forum held in Shamkir district, the Fund considered it reasonable to accept proposals of entrepreneurs to finance investment projects on creation of an agricultural park, warehouses for storing potatoes and onions, a mill, a complex for the production of dried fruits, a greenhouse, as well as vineyards and potato-growing farms.
One agricultural park is already operating in Shamkir district. It comprises a greenhouse complex, farms to grow seedlings and saplings, plants processing fruits and vegetables, a factory for the production of packages, a logistics and agricultural services center, a refrigerated warehouse, sales centers, car park, a hotel and various infrastructure enterprises.
Entrepreneurs can already apply to the Fund through authorized credit organizations. Small projects can be fully financed at the expense of soft loans upon entrepreneurs’ request.
Azerbaijan’s National Fund for Entrepreneurship Support was created in 1992. Issuance of loans to entrepreneurs is carried out through authorized banks and non-bank credit organizations.
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