Nine-Month Performance Results of the Entrepreneurship Development Fund Discussed at the Ministry of Economy of the Nakhchivan Autonomous Republic

The Ministry of Economy of the Nakhchivan Autonomous Republic held a meeting to discuss the results of the Entrepreneurship Development Fund's activities over the first nine months of the current year, measures taken to promote entrepreneurship, digital innovations, and upcoming priorities.

Opening the meeting, Kazim Huseynaliyev, Minister of Economy of the Nakhchivan Autonomous Republic, emphasized the importance of entrepreneurship development in increasing economic activity, creating new jobs, expanding investment opportunities, and realizing the region's economic potential. The Minister highlighted the need to improve the efficiency of the Fund's operations, enhance support mechanisms for entrepreneurs, and introduce modern management approaches.

Subsequently, Vusal Novruzov, Chairman of the Management Board of the Entrepreneurship Development Fund, presented a report on the Fund's activities during the first nine months of the current year. The report provided information on the work carried out during the reporting period, concessional loans granted to entrepreneurs, achievements in supporting entrepreneurship, and the Fund's priority areas of activity. It also outlined planned activities for the upcoming period and addressed issues related to making more efficient use of existing opportunities.

As part of the meeting, a presentation was held on the newly launched software for the OMS platform. The presentation covered the software's capabilities, optimization of work processes, improvements in data processing and management, as well as the application of digital solutions in the Fund's daily operations.

In addition, participants exchanged views on expanding digitalization, increasing efficiency and transparency in work processes, strengthening the use of modern technologies in management, improving operational effectiveness, and other relevant issues.

At the conclusion of the meeting, Minister of Economy Kazim Huseynaliyev issued relevant instructions regarding the matters discussed. The Minister emphasized the importance of ensuring the timely and effective implementation of assigned tasks, efficiently integrating digital innovations into operations, further improving support for entrepreneurs, increasing entrepreneurs' access to financial resources, and strengthening a results-oriented approach in the Fund's activities.