ECONOMY


Since beginning of this year, 53.9 mln manats of concessional loans granted for financing of 1,384 projects by Entrepreneurship Development Fund

Baku, July 25, AZERTAC

“Since the beginning of this year within the framework of state support to the private sector, 53.9 mln manats of concessional loans have been granted for the financing of 1,384 projects by the Entrepreneurship Development Fund,” Azerbaijan`s Minister of Economy Mikayil Jabbarov said on Twitter.

“99.9% of loans in terms of number of projects and 96.3% in terms of the amount of loans are allocated to micro, small and medium enterprises. These loans enable the creation of 1,379 new jobs,” the minister tweeted.

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