Azerbaijan president has signed a decree on AMCGF

17:04 - 23.02.2024


February 23, Fineko/abc.az. The guarantee for loans received to finance working capital for the construction of residential premises in the occupation-liberated territories will not exceed 2 years.

ABC.AZ reports that the signed presidential decree says that in accordance with subparagraph 4.1.6 "The Rules for securing loans received by entrepreneurs in manats", the term of loans received to finance working capital should not exceed 2 years, and according to the new rule, loans received to finance working capital for construction of residential premises on occupation-liberated territories are excluded.

Appendix 5 – according to Paragraph 3.2 "The Rules for granting subsidies for accrued interests on loans received by entrepreneurs in manats", an interest subsidy is envisaged in the amount of 8 percentage points of the annual interest rate on the loan, and for loans given to an entrepreneur who received an investment promotion document or received export incentives this year, in the relevant field of economic activity activity in which investments are made - in the amount of 10 p.p. of the annual interest rate.

In the part preceding the amount in Paragraph 3.2 of this annex, the words "to an entrepreneur engaged in the construction of residential premises in occupation-liberated territories of Azerbaijan," have been added.

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