Soft loans in amount up to AZN 37 mln. allocated to investment project in Azerbaijan this year

Soft loans in amount up to AZN 37 mln. allocated to investment project in Azerbaijan this year

© APA | Azerbaijan's Minister of Economy Mikayil Jabbarov

# 16 July 2021 15:50 (UTC +04:00)

"In January-June 2021, soft loans in the amount of 36.6 million manats were allocated to finance 546 investment projects," Azerbaijan's Minister of Economy Mikayil Jabbarov wrote on Twitter, APA-Economics reports.

The minister noted that 1,009 new jobs are supposed to be created due to the loans allocated for these investment projects.

"During this period, 97.1% of loans were issued to micro, small and medium enterprises. 58.2% of soft loans were provided for the production and processing of agricultural products, 28.1% for the production and processing of industrial products, and 13.7% for other areas," the minister noted.

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