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Azeri Finance Ministry paid off participation share in the project of AZPROMO and UNDP

Business Materials 29 August 2006 17:27 (UTC +04:00)

The Finance Ministry of Azerbaijan has allocated AZN 172 thousand from the state budget to Azerbaijan Fund for Investment and Export Support (AZPROMO). The budget finance has been disbursed to finance the state share in the project for export support realized by United Nations Development Program (UNDP) in cooperation with AZPROMO, the president of AZPROMO Emil Majidov told Trend.

According to Majidov, the project equals $350 thousand in aggregate, out of which AZN 172 thousand is defined at the participation share of Azerbaijani government, and the remaining amount will be covered by UNDP and private sector.

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