Bank Of Baku

Azerbaijan will distribute AZN 120 million to businesses this year

Azerbaijan will distribute AZN 120 million to businesses this year
# 28 January 2009 15:24 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. Azerbaijan National Fund for Entrepreneurship Assistance will distribute AZN 120 million to businesses at easy terms in 2009, said Shirzad Abdullayev, Acting Executive Director of the Fund.
“Of this, AZN 80 million will come from the state budget and the rest from revolving funds as repayments are made for previous loans.
According to him, the priority areas for loaning are agriculture, tourism, health, ICT and non-oil sector.
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