We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!
A meeting with entrepreneurs was held in Aghdam The number of entrepreneurs who have received the “Startup” certificate has reached 25 New opportunities: Women entrepreneurs throw out a challenge The number of entrepreneurs using the video training platform to grow A meeting of SMBDA with the Istanbul Chamber of Commerce was held SMBDA reported measures taken to minimize the impact of COVID-19 on local SMBs at the 37th session of COMCEC Training arranged for SMBDA staff A meeting with entrepreneurs on the issues of building permits was held The 37th COMCEC Session discussed the impact of COVID-19 on SMBs Attention of entrepreneurs!
About 50% of applications for investment in Karabakh came from the Turkic Council member countries 10.09.21
About 50% of applications for investment in Karabakh came from the Turkic Council member countries

To date, ARMSB has received about 220 applications from local and foreign investors interested in implementing projects in the liberated territories. About 50% of these applications came from the Turkic Council member and observer countries. Most of them are Turkish investors. This interest is not accidental since Karabakh offers wide business opportunities.


The chairman of the Board of the Small and Medium Business Development Agency (ARMSB) Orkhan Mammadov stated this at the Business Forum on the restoration and development of the liberated Karabakh region as part of the meeting of the ministers of economy of the member countries of the Cooperation Council of Turkic-speaking States (CCTS) in Baku. It was noted that bilateral and multilateral cooperation between the Turkic Council member states opens up great opportunities for expanding business partnerships in Karabakh with the participation of small and medium businesses (SMBs). “The opening of the Zangezur corridor connecting Azerbaijan and Turkey will also create new transport hubs and new opportunities in the region, including for SMBs of the Turkic Council member countries. We invite the business community to take advantage of these opportunities. SMBDA is ready to provide foreign investors wishing to invest in Azerbaijan with support in coordination with relevant bodies and search for suitable local partners”, Orkhan Mammadov said.

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