The Entrepreneurship Development Fund will allocate AZN150m manats for concessional loans in 2023, Azernews reports referring to Osman Khaliyev, Chairman of the Fund.

In a press conference dedicated to the results of 2022, the chairman said the fund intends to increase the volume of concessional loans for business entities every year.

A total of 2,726 investment projects have been financed from January through December 2022. In this regard, the Fund has given out easy-term loans worth AZN145.9m ($85.7m).