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!

Azerbaijan’s SME Development Agency holds discussion on alternative financing mechanisms for SMEs 30.07.19

A round table discussion of alternative financing mechanisms was held at the Agency for the Development of Small and Medium-sized Business (SMBs) of Azerbaijan.

Governmental support in the issue of financing SMEs, as well as potential opportunities for alternative financing, were discussed with the participation of the representatives of the Ministry of Finance, the Ministry of Taxes, the Financial Market Supervisory Authority (FIMSA) and the Central Bank of Azerbaijan.

The participants were presented with studies conducted as part of the project of technical assistance from the Islamic Development Bank entitled "The Development of the Legal Framework for Islamic Banking". The project is carried out by a consortium consisting of the Islamic Finance Advisory and Assurance Services (IFAAS) and Azerbaijan’s EKVITA Consulting company.

The project's main objective is to attract alternative investments and financial instruments, promote the development of banking, microfinance, securities market and insurance market, and to create conditions for the provision of new financial products and services in the local market, as well as for creating new opportunities for cooperation between companies operating in the field of finance.

Foreign experts made presentations on alternative financing mechanisms