MED REGARDS $1M IN CREDITING OF ENTREPRENEURSHIP AS ACCEPTABLE
The Ministry for Economic Development (MED) regards $1m in crediting the entrepreneurship at the expense of the National Fund for Support to Entrepreneurship as acceptable. Farhad Aliyev, the Minister for Economic Development, said it was big enough and even frequently the entrepreneurs cannot have opportunities to offer relevant securities.
"Next year the financing by the Fund will be increased and 400bn manats will be remitted to the Fund from the public budget. We could reconsider the rules of the Fund, while now we have not such ideas," the Minister underlined.
Aliyev underlined that over the past period a number of resolutions have been taken to promote the development of business in particular, the simplification of crediting mechanism.