Subsidized loans for AZN 146 million given to Azerbaijan entrepreneurs in 2017


January 18, Fineko/ The National Entrepreneurship Support Fund (NESF ) gave subsidized loans for AZN 146 million last year.

The Ministry of Economy informs that subsidized loans were allocated to finance more than 1,950 investment projects for the total amount of AZN 635.6 million.

"As a result of those projects, about 6,600 jobs will be created. 65% of the loans were given in districts of the country and 35% in the settlements of Baku. 67.6% of the loans were given for projects in agriculture and 32.4% in production and processing of industrial products," the MoE said in a statement.