SMB

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

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 round table held as part of the Ukrainian-Azerbaijan Business Council 28.10.21

On October 28, the Small and Medium Business Development Agency (SMBDA) and the Ukrainian Chamber of Commerce and Industry arranged a round table as part of the Ukrainian-Azerbaijan Business Council. The event, dedicated to the agro-industrial complex and land reclamation, was attended by officials and businessmen from Azerbaijan and Ukraine, engaged in the appropriate activities.

The round table discussed the current state of business ties, prospects for investment and cooperation, as well as provided information on the economic and investment potential of the territories liberated from the occupation.

Speaking at the event, Chairman of the SMBDA Board Orkhan Mammadov stressed the development of economic relations between Azerbaijan and Ukraine and the importance of the Business Council in establishing direct contacts between SMBs of the two countries. It has been noted that SMBs are the driving force of economic development and can be active participants in innovative progress. The Agency, in turn, can provide Ukrainian businessmen with the necessary information and consulting services to stimulate cooperation between SMBs. Orkhan Mammadov noted that the territories liberated from the occupation have great economic potential and called on Ukrainian businessmen to actively participate in investing in the liberated territories and implementing innovative projects.

Ambassador extraordinary and plenipotentiary of the Republic of Ukraine to the Republic of Azerbaijan Vladislav Kanevsky stressed the successful development of relations between the two countries in various fields, including the economic one, and noted that sectoral discussions, arranged as part of the Business Council, would be important for establishing new partnerships and expanding bilateral ties in trade, investment, and other areas.

Note that the Ukrainian-Azerbaijan Business Council was created to expand economic and investment ties between the two countries and collaboration between businessmen. The Council, created on the initiative of SMBDA and the Ukrainian Chamber of Commerce and Industry, is represented by more than 70 businessmen and representatives of government organizations acting in various sectors of the economy. The first meeting of the Council was held in June 2021.