On March 6, at the Baku Business Center, a Letter of Intent on joint cooperation signed between the ABAD public legal entity run by the State Agency for Public Service and Social Innovations under the President of the Republic of Azerbaijan ("ASAN Service"), the National Fund for Entrepreneurship Support of the Ministry of Economy and “Azər-Türk Bank”
According to the Letter of Intent, the National Fund for Entrepreneurship Support of the Ministry of Economy will support the investment projects of the ABAD members at the expense of state's preferential loans, while Azer-Turk Bank OJSC will act as an authorized bank to deliver these loans to entrepreneurs at an annual interest rate of not more than 4% , "ABAD" publik legal entity will assist entrepreneurs in the marketing of products acquired through financed projects.
At the end of the event, the participants got acquainted with the exhibition of goods produced by ABAD beneficiaries. The visitors showed great interest in exhibition.
The National Fund for Entrepreneurship Support of the Ministry of Economy will continue to finance such projects together with the ABAD public legal entity.