Entrepreneurship Fund gave preferential loans for AZN 127 million for more than 2,400 projects

16:33 - 13.11.2023


November 13, Fineko/abc.az. The Entrepreneurship Development Fund (under the Ministry of Economy) gave preferential loans in the amount of AZN 127 million to more than 2,400 projects for totally AZN 294 million, Economy Minister Mikayil Jabbarov said at Milli Majlis plenary session.

ABC.AZ reports that according to Jabbarov, 97% of loans were given to micro, small and medium-sized businesses.

"This year, in order to reduce the cost of domestic production, increase the export potential and competitiveness of manufactured goods in foreign markets, about 300 intermediate goods that do not have domestic production and are used in the production process have been exempted from import customs duties. The scope of the preferential trade agreement with Türkiye, one of the country's main trading partners, has been expanded," the minister added.

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