BAKU, Azerbaijan, March 16
Trend:
The Entrepreneurship Development Fund under the Azerbaijani Ministry of Economy paid interest subsidies worth 21 million manat ($12 million) to the businessmen from January 1 through March 10 within the mechanism for subsidizing the loans issued under the state guarantees, Acting Head of the Entrepreneurship Development Fund Osman Khaliyev told Vergiler (Taxes) online newspaper of the State Tax Service under the Ministry of Economy, Trend reports.
“The subsidies worth 63.2 million manat ($37.2 million) were paid to the businessmen who suffered as a result of the consequences of the COVID-19 pandemic within the existing loan portfolio,” Khaliyev said.
Moreover, the subsidies worth 15.3 million manat ($9 million) were paid within this program as of 2021.