Najafov made the remarks at an online press conference on the activities of the Fund over 2020 and tasks for 2021.
According to the chairman, preferential loans were issued to finance 908 investment projects worth 397 million manat ($233.5 million).
"The loans allowed open more than 2,700 new jobs. Some 57 percent of the loans were issued for the development of the agricultural sector (production and processing), and 43 percent - for the production and processing of industrial products and other industries," he stressed.
Najafov added that 79 percent of loans were issued in the regions of the country, and 21 percent - in Baku.
The Entrepreneurship Development Fund has been operating since 2002. It was created to strengthen state support for entrepreneurship, it is an important institutional organization that provides soft loans to entrepreneurs and implements its activities in accordance with the priorities of the development of the Azerbaijani economy.
More about:
