Azerbaijan, Baku, April 23 / Trend N. Ismayilova /
The National Fund for Entrepreneurship Support under the Azerbaijani Ministry of Economic Development organized the next event on "State support of entrepreneurship in regions" in Agstafa region. About 400 entrepreneurs operating in Ganja-Gazakh economic region attended it, the Ministry said.
About 47 loans worth $ 640,000 manat were granted to entrepreneurs of Agstafa region and surrounding areas owing to funds of the National Fund. Realization of these projects will contribute to creation of more than 100 new jobs.
The Fund conducted a training in which entrepreneurs were informed about the mechanism of granting preferential credits, formation of business ideas, investment project preparation and the procedure for submitting them to the fund, as well as mechanisms for the effective use of concessional loans.
On April 23, the official exchange rate is 0.8036 manat to $1.