Fund Of Azerbaijan Allocates Soft Loan To Boost Domestic Production
Date
10/9/2023 7:33:40 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 9. The
Entrepreneurship Development Fund of the Republic of Azerbaijan,
one of the main goals of which is to stimulate local production and
business, has provided a preferential loan to Miran-19 LLC, the
Minister of Economy of Azerbaijan, Mikayil Jabbarov said, Trend reports.
“Miran-19 LLC has received 195,000 manat ($114,705) in
concessional loans from the Entrepreneurship Development Fund for
the project aimed at plastic goods production. The project will be
executed in the Lankaran district,” said Jabbarov on X
(Twitter).
The Entrepreneurship Development Fund financed 2,726
investment projects in 2022. In total, the Fund has issued
concessional loans in the amount of 145.9 million manat ($85.8
million).
According to the Fund, a total of 87.1 million manat
($51.2 million) of the issued loans are for the production of
agricultural products, 37.3 million manat ($21.9 million) for the
production and processing of industrial goods, 9.1 million manat
($5.3 million) for tourism, and 12.4 million manat ($7.2 million)
for other industries.
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