By Ayya Lmahamad
Azerbaijan has allocated AZN37.9 million ($22.2m) to the
pandemic-affected entrepreneurs from June 2020 to November 1, 2022,
Economy Minister Mikayil Jabbarov said.
The minister noted that the funds were allocated within the
framework of the state-guaranteed loan and subsidy mechanism.
'From June 2020 to November 1 of this year, 37.9 mln. ₼ were
allocated to the pandemic-affected entrepreneurs within the
framework of the state-guaranteed #loan and #subsidy mechanism,'
the minister tweeted .
To note, Azerbaijan takes consistent measures to mitigate the
effects of the pandemic on businesses. These measures included
financial support to protect jobs, the introduction of periodic tax
breaks, the provision of soft loans, and others.
Ayya Lmahamad is AzerNews' staff journalist, follow her on
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