(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 26. A system of specialinvestment sources and additional preferential loans will beshortly introduced to support entrepreneurial projects inAzerbaijan's Karabakh and East Zangezur economic regions,Azerbaijani Minister of Economy Mikayil Jabbarov said, Trend reports.
He made the remark in a video message during a conference on thetopic "A New Period of Socio-Economic Development ofAzerbaijan".
According to him, Azerbaijan's private sector has created over385 jobs since 2019.
"Today we are faced with a more ambitious task. Contributing tothe revival of territories liberated from occupation is the moralduty of each of us. We lived with a dream for today. Therefore, theactive participation of our entrepreneurs in this process isimportant.
The socio-economic development of each country is directlyrelated to the development of the private sector. Significantyear-on-year growth in economic indicators, including in the fieldof entrepreneurship, is the result of the work done. This indicatesthat we are on the right track,” he added.
To note, following the liberation of its territories fromArmenian occupation in 2020, Azerbaijan started large-scalerestoration and reconstruction activities and made relevantinvestments.
Thus, investments in fixed assets in the development of Karabakhand Eastern Zangezur economic regions totaled nearly 6.4 billionmanat ($3.8 billion) in 2023.
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