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Submission of investment projects for development of Khazar region announced

1 July 2014 15:15 (UTC+04:00)
Submission of investment projects for development of Khazar region announced

The National Fund for Entrepreneurship Support (NFES) under the Economy and Industry Ministry has started to receive investment projects from entrepreneurs on the priority areas of Baku's Khazar district development, the ministry reported.

A business forum on the issuance of concessional loans was held at the Mardakan settlement of the Khazar region in Baku on June 25.

The discussions were held with entrepreneurs with the purpose of efficient use of the existing economic potential of the region, and the receipt of the proposals from business entities to finance investment projects has been recognized reasonable for the development of the advanced enterprises on the production of bread, small and medium-sized greenhouses, creation of specialized "green market" and other areas.

In accordance with the rules of the use of the National Fund's funding, from this day on business entities may apply to the fund through authorized credit organizations.

Upon request of entrepreneurs small projects can be fully financed at the expense of concessional loans.

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