OREANDA-NEWS. August 26, 2011.   The National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan reports that up to date it was spent 75.2% of concessional loans to businesses provided this year.

The Fund informs that this year concessional loans for 94 million manat have been given to entrepreneurs.

"Of them, 78.9 million manat of loans were given for 57 large investment projects, and 13.2 million manat for 1064 small projects,” the Fund says.

The given loans promoted to creation of 4.500 jobs.

This year the NESF plans to extend loans for 125 million manat, including 91 million manat due to repayment of the previously given loan finances and 34 million manat at the expense of budget assignments designed for 2011.