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Azerbaijani minister discloses amount of guaranteed loans issued to entrepreneurs in 2020

Azerbaijani minister discloses amount of guaranteed loans issued to entrepreneurs in 2020

Economy
12 February 2021, 17:55 878
As part of the measures to minimize the consequences of the COVID-19 pandemic, entrepreneurs were provided with guaranteed loans in the amount of 169 million manat ($99.4 million) in Azerbaijan in 2020, Azerbaijani Minister of Economy Mikayil Jabbarov wrote on his Twitter account, Trend reports on Feb. 12.
The minister stressed that a decision was also made to provide entrepreneurs with an interest subsidy in the amount of 33 million manat ($19.4 million) in 2020.
Earlier, Jabbarov said that more than 3,300 applications were received for obtaining new business loans totaling 949 million manat ($558 million) over the past year through the electronic credit platform of the Azerbaijani Ministry of Economy.