OREANDA-NEWS. November 18, 2011. The National Entrepreneurship Support Fund under the Ministry of Economic Development of Azerbaijan reports that up to date it was spent 88.4% of concessional loans to businesses, the forecast on which for this year has been exceeded recently.

The Fund informs that this year 1,473 concessional loans for AZN 122.7 million have been given to entrepreneurs.

The given loans promoted to creation of 5,700 jobs, including 1,200 jobs in Baku.

" During this period AZN 30.6 million was provided to entrepreneurial agents to finance 192 investment projects. As a result it promoted to creation of 1.300 work places ",- the report says.

A little earlier the NESF increased the target of extension of loans from AZN 125 million up to AZN 138 million, including from AZN 91 million up to AZN 104 million due to repayment of the previously given loan finances and AZN 34 million at the expense of budget assignments designed for 2011.