(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 25. Azerbaijan Small
and Medium Business Development Agency (SMBDA) has received over
1,400 applications from entrepreneurs wishing to start a business
in the liberated territories, Chairman of the Board of SMBDA Orkhan
Mammadov said during an event themed "Heydar Aliyev and development
of entrepreneurship in Azerbaijan", trend reports.
According to Mammadov, about 500 of the total number of
applications came from foreign companies.
"The agency is working both to internationally promote the
economic potential of Karabakh and to accept applications from
business entities wishing to build a business in the liberated
territories," he added.
Over the past two years, more than 6.4 billion manat ($3.7
billion) has been allocated from the state budget for the
restoration of the liberated territories.
In the state budget for 2023, three billion manat ($1.7 billion)
is provided for the restoration of the liberated territories.
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