Azerbaijan State Tourism Agency adopts decision on loan subsidy for COP29 projects

The Board of the Azerbaijan State Tourism Agency has approved the form and procedure for issuing a document for subsidising interest on loans to entrepreneurs.

According to Report, the decision of the board was signed by the chairman of the Agency, Fuad Nagiyev.

It is about subsidising interest on manat loans granted by resident banks and non-bank credit institutions to entrepreneurs for the implementation of projects related to the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29), the 19th session of the Meeting of the Parties to the Kyoto Protocol and the 6th session of the Meeting of the Parties to the Paris Agreement, to be held in Azerbaijan.

According to the document, to receive a subsidy, entrepreneurs will need to submit a business plan and estimated costs.

A special committee is established within the Agency to examine requests.