ASK held a roundtable on “Dialogue of Business-Financial Sector in the Development of Regions” in Mingachevir

On June 27, a roundtable on “Dialogue of Business-Financial Sector in the Development of Regions” was organized in Mingachevir by the Azerbaijan Entrepreneurs Confederation.

The delegation headed by Acting Secretary General of the Azerbaijan Entrepreneurs Confederation Kristina Mammadova, representatives of the Azerbaijan Banks Association and the Entrepreneurship Development Fund attended the event.

Entrepreneurs from Mingachevir city and officials from banks operating in the region attended the meeting as well.

Later on, Kristina Mammadova announced the appointment of Vagif Hasanov, the director of the “Elastik” LLC operating in Mingachevir, as a head of the Mingachevir city representative office.

At the round table, entrepreneurs raised the issues they faced, in particular the interest rates on bank loans and the provision of specialized loan products for industrial sector development. Bank representatives answered questions raised by entrepreneurs and decided to create a new loan product for the industry.

Rasul Rasulov, the representative of the Entrepreneurship Development Fund, informed the entity owners about the mechanism of service of the Fund and proposed to increase the number of authorized banks to optimize the activities of entrepreneurs.  Azizagha Hakhverdiyev, the representative of the Banks Association, informed about the banks’ interest rates and opportunities for financing industry.

The participants of the meeting also addressed their questions to the ASK raised by the entrepreneurs on drinking water, trade and tourism.

Then, it was decided that all the problems should be collected by V.Hasanov and sent to the ASK for rising at the joint commissions meetings.