17:20 - 15.11.2023

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November 15, Fineko/abc.az. The maximum amount of state-guaranteed subsidized loans given to entrepreneurs in the territories of Azerbaijan liberated from occupation may amount to 4 million manats.

ABC.AZ reports that Eldar Hamidov, deputy chairman of board of the Entrepreneurship Development Fund (under the Ministry of Economy), said about this at the II Baku Forum ”Sustainable Finance & Investments".

"These loans can be given for maximum of 7 years. About 90% of them have governmental guarantee. Also, the grace period is set for loans, for maximum of 3 years. The grace term should not exceed half of the loan term. 10% of these loans with maximum annual interest rate of 15% will be subsidized," he said.