SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

Investment opportunities expand: the investment promotion mechanism now covers 17 strategic directions The territories liberated from occupation provide extensive opportunities for investors A blood donation campaign dedicated to Remembrance Day was held Delegation of representatives of the RIYADA organization from Oman visited “Baku SME House” Volunteer blood donation campaign will be held Entrepreneurs can apply to SME Houses to obtain licenses KOBİA representatives participated in an international seminar held in Turkey The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues

11 More Entrepreneurs and Managers Have Successfully Completed the International Advanced Training Course 14.04.21

Our entrepreneurs and managers have successfully completed the international training course on Economic Cooperation under the Joint German-Azerbaijani Program for Raising the Qualifications of Managers Working for Azerbaijani Companies.

11 entrepreneurs and managers involved in agriculture, ICT, design, insurance, etc. received international certificates online.

It should be noted that in online training performed from February to April by experts from German training centers, entrepreneurs and managers were informed on international experience in management, mastered practical skills in this area, and obtained support in establishing business relations with German companies.

After a period of the pandemic, entrepreneurs and managers who have successfully completed the course will go to Germany for a week.

It should be noted that the costs of advanced training of entrepreneurs and managers are paid by Germany under the Joint German-Azerbaijani Program for Raising the Qualifications of Managers Working for Azerbaijani Companies approved by the Memorandum of Understanding signed between the Ministry of Economy of the Republic of Azerbaijan and the German Federal Ministry for Economic Affairs and Energy. To date, 462 entrepreneurs and managers have used the program. Due to the pandemic, the advanced training course is being performed online. To provide more entrepreneurs and managers with the opportunity to take advantage of the international advanced training course, during the pandemic, documents will be accepted online throughout the year. Entrepreneurs and managers wishing to join the program can contact the Small and Medium Business Development Agency (SMBDA), which is the program coordinator in Azerbaijan. Additional information is available at https://bit.ly/3ka0gex.