Azersun Holding Group received from the state a major soft loan, which will be used to improve logistics warehouses LLC Azersun Ticaret ve Dagitim.
The loan amount is 10 million manat. This is the maximum amount that can be provided by the National Fund for Entrepreneurship Support. The total size of funds required for the implementation of works is 17 million manat, of which 7 million manat will be invested from the holding’s own resources.
The logistics network of Azersun Ticaret ve Dagitim consists of 12 warehouses in 13 regions of the country. It is the largest trade and distribution network in Azerbaijan with 450 employees and more than 170 vehicles, which serves 10,000 retail outlets. The company was established in 2003 and is mainly engaged in distribution of goods produced at Azersun Holding.
As of July 25, NFES provided about 3,000 subjects of business with loans totaling 153.9 million manat.
According to NFES, it has financed the construction of 42 logistic centers in Baku and regions. - 08D-
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