Subsidized loans for AZN 1.2 million to 29 entrepreneurs in Gorno-Shirvan economic region


May 31, Fineko/abc.az. On 30 May the Entrepreneurship Development Fund of the Ministry of Economy held a regular business forum on subsidized lending in Shemakha district.

Addressing to the forum, Deputy Economy Minister Sahib Mammadov pointed out that AZN 41.5 million of subsidized loans were allocated to 416 entrepreneurs for financing investment projects for totally AZN 159.9 million.

The implementation of those investment projects will enable to create more than 1,500 jobs.

Within the framework of the event the subsidized loans in the amount of AZN 1.2 million were given to 29 entrepreneurs operating in Shirvan economic region. The loans will be aimed at developing such areas as livestock, horticulture, viticulture, footwear production. Realization of those projects will create more than 120 jobs.