NFES Identified Priority Areas for Lending in Mingachevir

 

BAKU/09.04.13/TURAN National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan has started to receive from the owners of investment projects in priority areas in Mingachevir.

As they stated in the ministry, there will be set up a factory for the production of yarn and fabric, as well as building materials.

From today, the subjects have the right to apply to the fund by authorized credit institutions, the report said.

NFES was established in 1992 and started active lending in 2002. Issuance of loans to entrepreneurs is arranged by 38 authorized banks and non-banking credit organizations. In 2012 the fund to finance 2,400 investment projects allocated 218 million manat. NFES loans in 2013 are forecast at 250 million manats.

Since the beginning of this year, to finance 669 investment projects there has already been allocated 83 million manat. - 15D -

 

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