Soft loans in amount up to AZN 37 mln. allocated to investment project in Azerbaijan this year

Azerbaijan

© APA | Azerbaijan's Minister of Economy Mikayil Jabbarov

# 16 July 2021 15:50 (UTC +04:00)

"In January-June 2021, soft loans in the amount of 36.6 million manats were allocated to finance 546 investment projects," Azerbaijan's Minister of Economy Mikayil Jabbarov wrote on Twitter, APA-Economics reports.

The minister noted that 1,009 new jobs are supposed to be created due to the loans allocated for these investment projects.

"During this period, 97.1% of loans were issued to micro, small and medium enterprises. 58.2% of soft loans were provided for the production and processing of agricultural products, 28.1% for the production and processing of industrial products, and 13.7% for other areas," the minister noted.

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