16:40 - 23.07.2025

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July 23, Fineko/abc.az. Over the period of its activity, the Azerbaijan Business Development Fund has given concessional loans for totally 3.4 billion manats to more than 54,000 entrepreneurs in the country.

ABC.AZ reports, that according to Fund’s leading specialist Orkhan Gyulaliyev, since the beginning of 2025, 2,371 entrepreneurs have been provided with preferential loans in the amount of 126 million manats.

"Preferential loans are given to business entities at a rate of up to 5% per annum through banks, non-bank credit organizations and credit unions," he added.

The ABDF was established on the basis of a presidential decree in 2021 by combining the Entrepreneurship Development Fund under the Ministry of Economy and Azerbaijan Investment Company OJSC.