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Loan interest rates on the existing loan portfolio of entrepreneurs affected by the pandemic will be subsidized

Loan interest rates on the existing loan portfolio of entrepreneurs affected by the pandemic will be subsidized

09 July 2020 23:10 (UTC +04:00)

The "Rules for subsidizing interest rates on the existing loan portfolio of businesses operating in areas affected by the coronavirus (COVID-19) pandemic" have been defined, reads the decision of the Cabinet of Ministers "On a number of measures to provide state support for loans to businesses to reduce the negative impact of the coronavirus (COVID-19) pandemic on the country's economy," APA reports

Interest subsidies on loans are carried out at the expense of funds allocated to the Cabinet of Ministers from the state budget of the Republic of Azerbaijan and the Fund.

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