EU Delegation to Azerbaijan to render financial assistance to local businesses
Date
2/22/2022 5:35:24 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb. 22
By Sadraddin Aghjayev - Trend:
The EU Delegation to Azerbaijan will render financial assistance
worth two billion euros to the country's businesses, Head of the EU
Delegation to Azerbaijan Peter Michalko said during the conference
entitled 'Support for the Azerbaijani government in creating a more
favorable environment for small and medium-sized businesses and
increasing their competitiveness', Trend reports.
Michalko said that this financing tool will cover about 25,000
businessmen.
“The Azerbaijani government has made a breakthrough in the
development of small and medium-sized businesses,” head of the EU
Delegation to Azerbaijan added.“We have seen this breakthrough by
cooperating with the Small and Medium Business Development Agency
of the Republic of Azerbaijan. We will continue rendering financial
support to small and medium-sized businesses in Azerbaijan.”
Michalko also said that the EU Delegation to Azerbaijan analyzed
the microcredit for businesses.
“As part of these operations, we gave our recommendations to the
Azerbaijani side and plan to further integrate the European
experience into Azerbaijan,” head of the EU Delegation to
Azerbaijan said.“Moreover, we plan to render support to about
25,000 businessmen within our cooperation with Azerbaijan and
allocate two billion euros for these purposes.”
Michalko also stressed that the EU Delegation and the Small and
Medium Business Development Agency of the Republic of Azerbaijan
are implementing the projects on the digitalization of business and
the transition to green technologies.
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