Bank Of Baku

Azerbaijan earmarks for improvement of young families housing

Azerbaijan earmarks for improvement of young families  housing
# 07 November 2008 10:26 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Azerbaijan’s 2009 State Budget envisages AZN 14 million for social mortgage financing next year, said the Cabinet of Ministers.
These funds will be used to finance social mortgage through the Azerbaijani Mortgage Fund to improve the housing of young families.
The government allocated AZN 6 million in 2005, AZN 20 million in 2006, AZN 20 million in 2007 and AZN 25 million in 2008 to the Mortgage Fund.
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