Subsidies to be given to these persons in liberated lands

15:46 - 3.05.2024

May 3, Fineko/ Entrepreneurs engaged in construction in the territories liberated from occupation, including business entities engaged in the production of building materials, will be able to attract loans for working capital from authorized banks for the period of more than 2 years.

ABC.AZ reports that the statement was made by Elshan Kerimov, the director of the Department of Credit Guarantees of the Azerbaijan Mortgage & Credit Guarantee Fund.

Another benefit relates to subsidies: "In return for a business entity, the Fund is authorized to pay a subsidy of 8% to an authorized bank. After changes are made, it will be possible to provide subsidies in the amount of 10% to business entities belonging to this category."