SMB

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

Attention to SMEs Interested in Collaborating with Oil and Gas Companies! An event dedicated to the 102nd anniversary of the birth of Heydar Aliyev was held at KOBIA Entrepreneurs’ Questions Regarding the 7th Grant Competition Addressed A Meeting Was Held with Female Inmates at Penitentiary Institution No. 4 of the Penitentiary Service A Memorandum of Understanding Signed Between KOBIA and the Belarusian Universal Commodity Exchange JSC The Path to Entrepreneurship – Take Your First Step into Business with the Self-Employment Program Attention to the SMBs with questions regarding the 7th Grant Competition Support from entrepreneurs to football clubs within the framework of Corporate Social Responsibility The 6th Meeting of the Azerbaijan–Saudi Arabia Joint Business Council Held in Riyadh Conference on "Constitution and Sovereignty – The Development of Entrepreneurship in Azerbaijan" Held

About 1,200 Entrepreneurs Used Consulting Services and Training in March 19.04.21

In March, the Small and Medium Business Development Centers (SMBDC) under the Small and Medium Business Development Agency (SMBDA) arranged, mainly in an online format, 47 pieces of training on various topics for micro, small and medium businesses (SMBs), startups, and potential entrepreneurs. About 1,200 persons attended the training covering topics such as taxation, corporate governance, digital marketing, sales, access to financial resources, insurance, and preparation of projects and business plans. Of them, about 500 were young people, and about 600 were women.

Last month, professional SMBDC experts provided consulting services in various spheres to about 70 entrepreneurs and business associations.

Most of the SMBs applied to the SMBDC for advice and training in the development of business plans and projects, budgeting, sales, and marketing.

In March, with the SMBDC support, a series of new business entities were created in the sectors of cine and video shooting, advertising, landscape design, and consulting.

Businessmen who used the SMBDC services were also informed on access to financial resources to implement business projects and develop business, and forwarded to the appropriate structures, where they could use state preferential loans and other financial support mechanisms. Potential entrepreneurs were also attracted to self-employment programs to acquire appropriate machinery and equipment.

It should be noted that currently, five SMBDC operate under the SMBDA in Baku, Sumgayit, Khachmaz, Sheki, and Yevlakh. Experienced and professional specialists of these centers perform training in entrepreneurship, provide consulting services, support in participating in international programs, gaining access to financial resources, etc. All the SMBDC services are free of charge. Micro, small, and medium businesses can obtain detailed information on the training performed by the SMBDC and other services of these centers on the Agency and the SMBDC websites www.smb.gov.az and www.kobim.az.