14:54 - 12.11.2026

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November 12, Fineko/abc.az. Over Jan-Oct 2026, the Azerbaijan Business Development Fund OJSC gave allocated more than 6 million manats of preferential loans to young entrepreneurs.

Deputy Minister of Economy Azer Bayramov said this at a joint meeting of the Milli Majlis Committees on Youth & Sports, public associations and religious organizations, as well as culture during the discussion of the Bill on State Budget 2027.

According to Bayramov, over 110 young entrepreneurs have received loans.

"The allocated finances were used to implement projects in such areas as industrial production, agriculture, services and tourism. Also, in order to develop human capital, the Center for Analysis & Coordination of the IV Industrial Revolution under the Ministry organizes trainings in cooperation with international platforms. The strategic partnership with the world's leading companies in the field of data centers and artificial intelligence infrastructure opens up new opportunities for highly qualified young professionals," the deputy minister added.