BAKU, Azerbaijan, December 4. The Azerbaijan
Entrepreneurship Improvement Fund, one in all whose essential missions is to
enhance native manufacturing and enterprise, has granted Baku Stone Manufacturing facility
LLC a tender mortgage, Azerbaijani Financial system Minister Mikayil Jabbarov
wrote on X (Twitter), Pattern stories.
”Baku Stone Manufacturing facility LLC has obtained a 60,000 manat [$35,294]
concessional mortgage from the Entrepreneurship Improvement Fund. The
firm will produce constructing supplies. Supporting building
materials manufacturing is vital to satisfying the elevated demand
for native merchandise on this business,” he stated.
In 2022, Azerbaijan’s Entrepreneurship Improvement Fund funded
2,726 funding tasks. The Fund made tender loans of 145.9
million manats ($85.8 million).
In response to the Fund’s information, 87.1 million manat ($51.2 million)
of the loans issued are for agricultural product manufacturing, 37.3
million manat ($21.9 million) for industrial product manufacturing and
processing, 9.1 million manat ($5.3 million) for tourism, and 12.4
million manat ($7.2 million) for different sectors.