A business event with entrepreneurs was held in Nakhchivan on February 27, 2021

Participating in the event, Chairman of the Confederation of Entrepreneurs of the Nakhchivan Autonomous Republic Vugar Abbasov said that the Confederation of Entrepreneurs of the Nakhchivan Autonomous Republic, which has been operating since 2006, supports the successful business activities of entrepreneurs. The Confederation currently unites 33 members. These entrepreneurs include businessmen operating in a wide profile in the field of industrial and food products, furniture and building materials production, medical and trade services. The unions of family farms, beekeepers, poultry farmers and greenhouses organized by our entrepreneurs, in turn, are closely connected with the Confederation. Last year, 16 million 860 thousand manat loans were issued by banks and other credit organizations for the creation or expansion of new production areas, 20 million 816 thousand manats for the development of individual entrepreneurship, 37 legal entities and 2 thousand 404 individuals were registered. In addition to providing the domestic market, the production enterprises already established in the Autonomous Republic have the potential to export products to foreign markets. According to the instructions of the chairman of the Supreme Assembly, in order to reduce the negative impact of the pandemic on entrepreneurship in the Autonomous Republic in 2020, support for entrepreneurs was launched and appropriate financial assistance was provided to the economic sphere.