82% of tourism entrepreneurs in Azerbaijan want to get subsidized loans


June 30, Fineko/abc.az. 82% of businessmen operating in the tourism sector of Azerbaijan want to get a subsidized loan from the Entrepreneurship Development Fund under the Ministry of Economy of Azerbaijan.

ABC.AZ reports that Ismail Huseynov, head of the EDF Department for Work with Authorized Credit Organizations & Entrepreneurs, said this at a meeting with entrepreneurs from the tourism sector.

He added that as a result of Fund’s survey among entrepreneurs.

"Guest houses and small hotels of a similar type need a loan of up to 30,000 manats, hostels up to 40,000 manats, 2-3-star hotels - up to 70,000-100,000 manats," Huseynov said.