Azerbaijan reveals volume of soft loans provided to entrepreneurs
Baku, Azerbaijan, Feb. 23
By Anvar Mammadov – Trend:
The National Fund for Entrepreneurship Support (NFES) of Azerbaijan has provided preferential loans worth 19 million manats to businessmen since early 2018, the Azerbaijani Economy Ministry said Feb. 23.
The loans were allocated to implement the investment projects worth a total of 155 million manats.
As part of a business forum held in Azerbaijan's Gakh District, entrepreneurs received preferential loans worth over one million manats. The funds will be used for creation of an agricultural park, development of animal breeding and other spheres.
In general, entrepreneurs in the Shaki-Zagatala economic district have received preferential loans worth 102.9 million manats so far.
The NFES plans to allocate 170 million manats to entrepreneurs in 2018.
Azerbaijan’s NFES was established in 1992.
(1.7001 manats = $1 on Feb. 23)