Azerbaijani business spent over half of concessional loans provided for the year
Baku, Fineko/abc.az. From early 2012 the National Entrepreneurship Support Fund under Economic Development Ministry of Azerbaijan provided already 52.3% of concessional loans designed for 2012.
The MED reported that since early 2012 the Fund gave loans for AZN 104.6 million for financing of 1.221 investment projects. Credits for AZN 92.5 million were provided for financing 1.119 projects in the country regions, and AZN 47 million for 306 projects in Baku suburbs. The endorsed financing will enable to create about 3.750 jobs.
Concessional loaning from the Fund in 2012 should amount to AZN 200 million.
In 2011 the Fund provided credits for AZN 138 million, including AZN 104 million at the expense of earlier repaid funds on previously issued loans and AZN 34 million at the expense of budget assignations provided for a year. By early 2012 the Fund granted AZN 720 million to business for the entire history.
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