Entrepreneurs from Azerbaijan's Absheron region issued favorable loans worth 143,000 manat

The National Fund for Entrepreneurship Support (NFES) under the Azerbaijani Economic Development Ministry issues favorable loans totaling 143,000 manat to 12 entrepreneurs of  Absheron region and nearby regions today, the ministry said.

About 30 new job places will be opened at the expense of these funds. During the event, participants got familiarized with the construction of cooling and storage complex with a capacity of 7,000 tons, carried out by the "Zehmet-Ruzi" company, and production areas on processing 10,000 tons of meat and seven tons of milk a year.

The (NFES) organized the next event in Absheron, which was attended by about 150 entrepreneurs. The event also defined priority areas in Absheron for confessional financing of projects.

Since early 2010, the fund has allocated favorable loans worth 115 million manat to 1,430 entrepreneurs. About 5,600 new jobs will be opened thanks to these loans, whose great part fell to the country's regions.


/Trend/