NATIONAL FUND FOR ENTREPRENERSHIP SUPPORT READY TO FINANCE LARGEST PROJECT
The National Fund for the Support of Entrepreneurship (NFSE) will finance the largest project in the history of the fund. The project funding has been already approved by the Commission comprising the officials of the Ministry of Economic Development and the Finance Ministry, as well as the National Bank of Azerbaijan, the NFSE head Gadir Huseynov told Trend.
"The largest project on staging the fodder production will be implemented by the Riyad company in Agstafa region. In summer 2004 the region was attended by the President of Azerbaijan Ilham Aliyev. 4 billion manats will be allocated for the project implementation. And it supposes creating 390 new jobsвЂќ, Huseynov noted.
It should be noted, NFSE received the right for the projects crediting in the amount of up to $1 million (the amount of the Agstafa project funding is 4677AzM/1USD - $855,249 С'С‹СЃ for the rate exchange on 5 August). Earlier the loans for the amount not exceeding $100,000 could be allocated from the NFSE fund.