SMB

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Today International Day of Micro, Small and Medium-sized Enterprises is marked An exhibition showcasing products and services from over 150 domestic companies is currently underway. The product of artificial intelligence for intelligent search has been developed in Azerbaijan. The "Investment Journey" event took place this time in the city of Sheki Meeting with Students of Baku Business University The "Advertising Exhibition of Local Companies" launches Importance of applying Environmental, Social, and Corporate governance principles for business Exhibition-sale fairs will be held in the regions of the country A document was signed between KOBİA and the Belarusian Chamber of Commerce and Industry The number of entities awarded with the "Startup" certificate has reached 151

A new production cooperative created in Aghdash 10.09.21

Production Cooperative “Aran” has been established in Yenija village of the Aghdash region with the support of the Small and Medium Business Development Agency (SMBDA) and the Ministry of Agriculture.

The cooperative consists of 5 farms operating in the field of agriculture and covers an area of 57 hectares. It is planned to plant crops on the land plot belonging to the cooperative, including a pomegranate garden on 15 hectares, and grain, corn, rice, and clover on 42 hectares.

In the course of preparing the appropriate documents and registering the "Aran" Production Cooperative, the Goychay-Aghdash SMB Development Center (SMBDC) provided the necessary information and consulting services, legal assistance, as well as information on cooperatives and tax legislation.

SMBDA and the Agency’s regional structural units – SMB Development Center and SMB friend – will continue to provide the “Aran” Production Cooperative with the necessary assistance.

Note that creating agricultural cooperatives allows more efficiently using available resources (land, property, etc.), which increases the income of farmers by reducing costs. Cooperatives are also important in terms of attracting large investments in the economy, increasing the production of competitive products, expanding access to foreign markets, and promoting clustering in the agricultural sector.