Subsidized loans for AZN 10.7 million given to entrepreneurs


April 25, Fineko/abc.az. AZN 10.7 million of subsidized loans have been given at today’s business forum held in settlement Mardakan to entrepreneurs operating in the Baku settlements.

The funds of those loans will be directed for livestock, poultry, the creation of a modern greenhouse complex and other spheres, and implementation of investment projects will create about 300 new jobs.

Deputy Economy Minister Sahib Mammadov said that to date, more than AZN 600 million of subsidized loans have been allocated for financing more than 2,500 investment projects of business entities operating in Baku and in suburban settlements. Over the past period of this year AZN 33.7 million of subsidized loans were given to finance 215 investment projects in the amount of AZN 145.7 million.