BAKU, Azerbaijan, July 23. Azerbaijan's Entrepreneurship Development Fund (EDF) allocated 7.4 million manat ($4.35 million) to finance 77 projects in the country's Nakhchivan Autonomous Republic during the first half of 2025.
The data obtained by Trend from the Ministry of Economy shows that of the total concessional loans financed by the EDF, 73.6 percent were directed to industry, 18.3 percent to agricultural production, and 8.1 percent to services. Over this period, 8.6 percent of the concessional loans were small-sized, 23.9 percent were medium-sized, and 67.5 percent were large-sized. The issued loans enabled the creation of 80 new jobs.
Over the reporting period, concessional loans totaling 5.8 million manat ($3.41 million) were repaid. During the same period, 2.1 million manat ($1.24 million) of problematic loans were also recovered.
The number of authorized credit institutions cooperating with the EDF doubled compared to the same period last year, reaching eight.
