Loans for over AZN 24 million given entrepreneurs in Nakhchivan this year


August 8, Fineko/ In the 1st half of this year, entrepreneurs of the Nakhchivan Autonomous Republic were given loans for totally AZN 24.3 million, ABC.AZ reports with reference to the NAR State Statistics Committee.

Loans for AZN 11.1 million were given for the creation or expansion of new production facilities and AZN 13.3 millon for development of individual entrepreneurship.

The development of entrepreneurship, the creation of new production and service areas have led to significant positive changes in the labor market. Thus, in 2018, the number of people employed in the public sector in the NAR amounted to 17.1% of the total number of people employed in the economy, while for Jan-Jun 2022 this figure was 14.3%.