FINANCIAL SUPPORT FOR ENTREPRENEURSHIP DEVELOPMENT INCREASED
The 2003 state budget envisages assigning 57 billion manat to the National Entrepreneurs Relief Fund for development of entrepreneurship in Azerbaijan. Moreover, 14 authorized banks have been picked out to bring those funds to users. There is little time left until the end of the year, and being asked by AZERTAG correspondent which part of this amount entrepreneurs have managed to used, press service of the Ministry of Economic Development said that 47 billion manat have gone through the authorized banks to financing 260 investment projects in 46 cities and provinces of Azerbaijan.
As was noted, the attention to financing the entrepreneurship in provinces has been raised for the passed 11 months. Thus, over 80 percent of the financed projects fall to the share of cities and provinces. Besides, the majority of financed projects are in producing and processing sectors. By estimation, the credits may allow opening over 5 thousand working places.
FEEDBACK
Other news in this section
- 06.11.2026 [18:46]
Romanian media highlights cargo shipments to Mexico via Middle Corridor
- 06.11.2026 [18:36]
® 1,250 trees planted in one day with ABB Bank's support
- 06.11.2026 [18:19]
Azerbaijan, ESCWA explore avenues for practical cooperation
- 06.11.2026 [17:30]
Azerbaijani delegation attends SPECA Week events
- 06.11.2026 [17:21]
“Made in Azerbaijan” products showcased at China International Import Expo
- 06.11.2026 [12:05]
Azeri oil price reaches $107
Azeri oil price reaches $107
- [12:05]
Baku hosts CIMIC training course
- [11:13]
Azerbaijan`s Victory Day marked in Rome
- 05.11.2026 [22:14]
North Korea likely to secure UNESCO listing for taekwondo
- 05.11.2026 [21:35]
Dutch airline KLM announces restructuring affecting around 5,000 positions
- 05.11.2026 [21:35]
Barcelona captain Raphinha extends contract until 2030
- 05.11.2026 [21:19]
Eiffel Tower closed amid nationwide protests, strikes in France
- 05.11.2026 [20:55]
Baku-hosted international summit explores governance innovations
- 05.11.2026 [20:20]
Azerbaijan, FAO discuss cooperation, joint projects
- 05.11.2026 [20:14]
Top stories update
- 05.11.2026 [20:00]
Azerbaijan’s Parliament Speaker embarks on working visit to Kazakhstan
- 05.11.2026 [19:36]
Azerbaijan, Estonia explore possibility of holding business forums
- 05.11.2026 [19:11]
Azerbaijan, Greece discuss cooperation in digital development
- 05.11.2026 [19:06]
Azerbaijan, Ukraine hold business roundtable
- 05.11.2026 [18:58]
Azerbaijan to promote Garabagh’s investment opportunities in Türkiye
- 05.11.2026 [18:41]
Baku hosts First Azerbaijan Regional Aquaculture Forum
- 05.11.2026 [18:30]
From Shavkat Mirziyoyev, President of the Republic of Uzbekistan
- 05.11.2026 [18:26]
Azerbaijan’s Victory Day celebrated in Berlin
- 05.11.2026 [18:00]
Polish media highlights Azerbaijan’s growing role in Middle Corridor
- 05.11.2026 [17:43]
French lawmakers reject 2027 budget revenue section with no votes in favor
- 05.11.2026 [17:41]
Guinea aims to modernize public services by 2040 based on ASAN Khidmet model
- 05.11.2026 [16:55]
416 Afghan prisoners freed from Pakistani jails, returned home
- 05.11.2026 [16:55]
Azerbaijan’s Victory Day celebrated in Israel
- 05.11.2026 [16:24]
Azerbaijan and Georgia National Defense Universities share experience
- 05.11.2026 [16:10]
Number of countries represented in Global South Youth Platform reaches 40
- 05.11.2026 [16:07]
Cristiano Ronaldo announces retirement from international football
- 05.11.2026 [16:04]
Central Bank, Binance discuss tokenization of real-world assets
- 05.11.2026 [15:49]
November 8 – Azerbaijan’s Victory Day celebrated in Seoul
- 05.11.2026 [15:48]
Bomb threats reported on multiple flights across Europe
- 05.11.2026 [15:12]