Azerbaijan Business Center

National Entrepreneurship Support Fund selected 8 poultry projects for financing

Baku, Fineko/abc.az. The National Entrepreneurship Support Fund (NESF) of the Azerbaijani Ministry of Economic Development has announced today the results of the assessment of broiler farming projects for soft-term financing of investment projects. 12 projects were submitted for the contest launched this April and 8 ones of them were selected.

Fund’s executive director Shirzad Abdullayev says that overall cost of the chosen projects is 26.9 million manats, and crediting from the Fund will total 17.4 million manats.

"The projects will enable to produce 60 million eggs and 13,000 tons of poultry. After their realization the country will be able to meet not only own egg and poultry needs but also to start their export,” Abdullayev said.

Currently domestic production provides Azerbaijan with poultry products by 74%.

There were selected two projects in Khizi, three in the Absheron and by one project in Imishli, Salyan and Ismayilli districts.

The Fund received totally 12 projects (six in Absheron, three in Aran and by one in Mountain-Shirvan, Ganja-Gazakh, Sheki-Zagatala economic regions). Their overall cost is 40.4 million manats and the Fund is requested 27.85 million manats. The largest project costs 5.129 million manats and the smallest one 841,000 manats. The biggest inquiry from the Fund is 3.9 million manats and the smallest 500,000 manats. The projects were prepared through such agents of the Fund as Kapital Bank, Kredo Bank, Bank Avrasiya, UniBank, Zamin Bank and non-bank credit organization Aqrar-Kredit.

 

 

20.07.2010 12:59

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Tags: Entrepreneurship Support Fund, poultry

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