SMB

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

Representatives of the International Trade Centre (ITC) paid the visit to "Baku SMB House" A conference was held regarding the presentation of unified platform and the national standard for ESG A national standard on Environmental, Social, and Corporate Governance (ESG) has been adopted "KOB FEST" exhibition-sale fair held in Khachmaz A business plan – the key to successful and sustainable business "From Us to Business" startup competition is underway Meetings with entrepreneurs were held in Jalilabad and Goychay This year, entrepreneurs and individuals seeking to start business for the development of 220 business plans were supported A meeting with entrepreneurs was held in Quba "SMB FEST" exhibition-sale fair is underway in Khachmaz

Azerbaijan and Germany to continue cooperation in improving qualifications of managers 02.03.21

On March 2, the Ministry of Economy of the Republic of Azerbaijan and the Federal Ministry of Economics and Energy of the Federal Republic of Germany signed a Joint Declaration of Intentions to continue cooperation in raising the qualifications of managers working for Azerbaijani companies.

The document was signed by Deputy Minister of Economy Sahib Alakbarov and Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Azerbaijan Wolfgang Manig.

The event was attended by representatives of the Ministry of Economy, the German Embassy in Azerbaijan, the Small and Medium Business Development Agency (SMBDA), and the German Agency for International Cooperation (GIZ); it was noted that cooperation in this area had been performed since 2009. The document has been signed for 3 years and provides for cooperation in improving the qualifications of Azerbaijani entrepreneurs and managers. The program coordinators in Azerbaijan and Germany are SMBDA and GIZ, respectively.

Note: The goal of the Joint German-Azerbaijani Program for Raising the Qualifications of Managers Working for Azerbaijani Companies is strengthening the state support for the development of small and medium businesses in Azerbaijan, expanding the theoretical and practical knowledge of entrepreneurs and managers in German training centers, familiarizing them with innovative management techniques and methods at German enterprises, and establishing economic cooperation. In 2009-2020, 451 Azerbaijani entrepreneurs and managers working in various sectors of the country's economy passed training and acquired work experience in various cities of Germany. According to GIZ, in 2017-2019, about 40 contracts were concluded between companies of the two countries under the Program.