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Nakhchivan's entrepreneurs receive $2M in concessional loans in 1H2026
Business
- 24 July, 2026
- 12:07
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In January–June 2026, the Entrepreneurship Development Fund under the Ministry of Economy of the Nakhchivan Autonomous Republic issued 3.4 million manats ($2 million) in concessional loans, Report informs.
Of the allocated funds, 61.5% went to agriculture, 25.3% to services, and 13.2% to industry. The loans are expected to create 145 new jobs and have financed 101 projects, marking a 31.2% increase compared to the same period last year.
According to data, 70.7% of the concessional loans and 92.1% of the projects were directed to entrepreneurial entities operating in the regions.
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