Qabil Ashirov read more
In 2022, the volume of the subsidized loans in Azerbaijan
amounted to AZN26m ($15.3m), Azernews reports, referring to Osman
Khaliyev, Chairman of the Board of Azerbaijan's Entrepreneurship
Addressing a news conference on the results of 2022, Osman
Khaliyev said that the funds had been allocated mainly to the
pandemic-hit business entities.
“Overall, we received 6,338 applications for subsidies, and
AZN877m ($516.12) were allocated for 5,052 of them,' he said.
Although the fund was established in 1992, the active period of
the National Fund for Entrepreneurship Support commenced only in
2002. The main activities of the fund include providing
concessional loans to business entities, preparing, implementing,
and financing support programs for the development of
entrepreneurship, studying the opportunities for entrepreneurs to
access new markets and conveying the accumulated international
experience to entrepreneurs, conducting educational work and
providing them with consulting services.
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