The Entrepreneurship Development Fund of Azerbaijan, one of the main goals of which is to stimulate local production and business, allocated a concessional loan to Guba Ting LLC, Azerbaijan's Minister of Economy Mikayil Jabbarov wrote on Twitter, News.az reports.

"The Entrepreneurship Development Fund of Azerbaijan has allocated 200,000 ($117,647) in concessional loans. The innovative activity under modern conditions is one of the primary factors in the development of agriculture," he said.