Projects of 270 mln AZN submitted to NFES for 2018

Baku. 2 November. REPORT.AZ/ By late 2017, entrepreneurs will be provided with a minimum additional 45 mln AZN preferential credit in Azerbaijan through the state line.

Report informs, Shirzad Abdullayev, Executive Director of the National Fund for Entrepreneurship Support (NFES) of the Ministry of Economy, told reporters.

According to Sh. Abdullayev, the projects have already been identified: "The syringe production plant in Pirallahi district, built with the financial support of NFES, will meet 100% of the domestic demand. By the instruction of the President, $ 393.4 million AZN has been allocated to small and medium businesses through the NFES line over the recent years. About 300 hectares of modern greenhouses were financed in this direction".

The NFES official said that 3,500 hectares of olive groves will be laid in the near future.

Sh. Abdullayev said that financing of the projects for 2018 has already begun: "Financing of the projects for 2018 almost began. We have substantiated projects of 270 mln AZN by entrepreneurs. They are considered by banks and we will finance these projects from 2018".