SMB

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The most active entrepreneurs of 2024 have been awarded A citizen reception was held at KOBİA Results of the 6th grant competition announced for financing projects by SMB entities have been disclosed A memorandum on the green transition of SMBs signed between KOBİA and the Asian Development Bank Business forum conducted within the framework of the project "Increasing attractiveness of the Shamakhi district for private Investments" New Startups Contributing to Digitalization The 9th "KOB Fest" exhibition -sales fair is underway in Göyçay With the support of KOBİA, Azerbaijani entrepreneurs' products were showcased at the "MÜSİAD EXPO" and "Halal Expo" exhibitions Yet another meeting of the sub-group on Environmental, Social, and Corporate Governance (ESG) standards was held 8 more SMBs have received the "Startup" certificate

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