Azerbaijani entrepreneurs receive favorable loans worth 107 mln manat in 2010

The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Economic Development Ministry issues favorable loans totaling 314,000 manat to 28 entrepreneurs of Gobustan and nearby regions today, the ministry said.

Over 50 new job places will be opened at the expense of these funds. During the NFES event participants got familiarized with the construction of a warehouse with capacity of 10,000 tons on cleaning and storage of grain which is constructed by the "Ilk Aqrokom" company and expansion of poultry farms in the Absheron region

The (NFES) organized the next event in Gobustan, which was attended by about 250 entrepreneurs. The event also defined priority areas in Gobustan for confessional financing of projects.

Since early 2010, the fund has allocated favourable loans worth 107.8 million manat to 1,397 entrepreneurs. Over 5,400 new jobs will be opened thanks to this loans, whose great part fell to the country's regions.


/Trend/