SMB

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

A survey is conducted among foreign trade participants Awareness-raising event organized by the Electronic Security Service at KOBİA To the attention of entrepreneurs wishing to benefit from opportunities of SMB Model Enterprise! A meeting was held between KOBİA and Sumgait State University Follow-up meeting of the working group “Corporate Governance, Investments and Corporate Social Responsibility” was held A meeting was held between KOBİA and MUSAID representatives Citizen reception organized at KOBİA Another 4 micro-entrepreneurs were awarded with a "Startup" certificate B2B meetings were held between businessmen of Azerbaijan and Turkiye Representatives of the Entrepreneurship Development Fund (Damu) of Kazakhstan got familiar with KOBİA’s experience

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