BAKU, Azerbaijan, November 19
By Jeila Aliyeva - Trend:
A special loan is allocated for financial support of industrial projects of entrepreneurs in Turkmenistan, Trend reports with reference to Turkmenportal information portal.
Turkmen-Turkish Joint-stock Commercial bank provides a long-term loan to the private sector of the economy to support the production projects of entrepreneurs and individual enterprises.
Earlier, the State Bank for Foreign Economic Affairs of Turkmenistan announced programs to support small and medium-sized businesses.
The country has a law on state support for small and medium-sized businesses, the goals of which are to form the legal basis of state policy aimed at creating favorable conditions for the development of small and medium-sized businesses.
The activities of small and medium-sized businesses are financed from their own and borrowed funds, including funds from the state budget of Turkmenistan, loans, and borrowings from commercial banks, mutual credit societies, credit unions, microfinance organizations, as well as from other sources not prohibited by the legislation of Turkmenistan.
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