Concessional financing of business in Baku and surrounding villages reaches 600M AZN (UPDATE)
Details added (first version posted on 11:02)
Baku, Azerbaijan, April 25
By Kheyraddin Nasirzade – Trend:
As of today, entrepreneurs in Baku and surrounding villages received preferential loans in the amount of 600 million manats through the Entrepreneurship Development Fund of Azerbaijan (ANFES), Deputy Economy Minister of Azerbaijan Sahib Mammadov said at a business forum in the village of Mardakan in Baku’s Khazar District, Trend reports.
As Mammadov noted, entrepreneurs in Baku and surrounding villages have received preferential loans in the amount of 33.7 million manats since early 2019. These funds were provided for the implementation of 215 investment projects worth 145.7 million manats.
Within the business forum, entrepreneurs received concessional loans worth 10.7 million manats on April 25, 2019. These funds will be used to finance various projects including, among others, the field livestock and poultry, and establishment of modern greenhouse complexes. It is envisaged that about 300 new workplaces will be opened through these projects.
The forum delegates visited a modern greenhouse complex in the village of Zira in Khazar District, which was built with the concessional loans allocated by the Fund.
ANFES was established under the Ministry of Economy of Azerbaijan in 1992.
($1=1.7 AZN on April 25)
Follow the author on Twitter: @1nasirzade