Azerbaijan's Entrepreneurship Development Fund increases funding by 28%

In 2024, the Entrepreneurship Development Fund under Azerbaiajn’s Ministry of Economy provided preferential loans worth 248.1 million manats ($145.94 million) to finance 5,722 projects, Report informs, citing the fund.

These figures are 74.7% and 28% higher respectively compared to 2023.

The loans provided last year are expected to create 4,334 new jobs.