IFC to issue new loan to AccessBank

IFC to issue new loan to AccessBank The International Finance Corporation (IFC) plans to consider allocation of a loan in the amount of $15 million to Azerbaijani AccessBank at the Board meeting on November 5, 2012, the IFC said on Tuesday. “The funds are intended to support the development of micro, small and medium enterprises (MSME) in Azerbaijan,” the statement said. This year AccessBank has already received from the European... Read More

Small and Medium Entrepreneurship in Azerbaijan; Country Assessment

Small and Medium Entrepreneurship in Azerbaijan; Country Assessment Micro and small and medium sized entrepreneurship in Azerbaijan is divided into two groups: individual entrepreneurs (i.e. sole owners of the enterprise without forming a legal entity); and small- and medium-size enterprises (i.e. legal entities). All individual entrepreneurs are legally considered small enterprises by default, whereas those registered as legal entities are classified... Read More