SMB

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

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 Is it necessary to obtain a license for every type of business activity? Free business trainings for entrepreneurs will be held in September Issuance of investment promotion document for strategic investment projects continues Appeals from entrepreneurs of the Lankaran-Astara Economic Region were heard Another 10 SME entities will benefit from a tax exemption Domestic market research in 10 areas will be conducted on the initiative of KOBİA For the attention of entrepreneurs operating in Astara and Lankaran cities!

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.