Loan applications for AZN 1 bn received for 15 months

Over the past 15 months entrepreneurs in the country have been given loans in the total amount of AZN 1.1 bn, within the framework of electronic platforms the volume of lending has reached AZN 123 million.

Economy Minister Mikayil Jabbarov said, when delivering speech at the presentation of the independent report on the business environment in the country prepared by the German-Azerbaijani Chamber of Commerce (AHK Azerbaycan) that Azerbaijan's GDP growth in 2021 may reach 4%, according to the estimates of the Ministry of Economy.

"If earlier Azerbaijan's GDP growth for 2021 was projected at 3.4%, now we have improved the forecast up to 4%," Jabbarov said.

According to the minister, foreign partners predicted GDP growth of Azerbaijan at the level of 1.7% for the current year.