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!

Baku SMB Development Center and NBFIs to cooperate 26.10.20

To improve financial literacy and access to financial resources of micro, small, and medium-sized business entities, Baku SMB Development Center under the Small and Medium Business Development Agency of the Republic of Azerbaijan held an online meeting with non-bank financial institutions (NBFIs). At the event, access of SMB entities to financial resources, financial instruments applied for SMBs and the options for their use, modern requirements for credit applications, etc. were discussed.

At the online event, information was given about the services provided free of charge by SMB development centers, which are part of the structure of SMBDA to improve access to financial resources of SMBs. Also, it was noted that the training sessions and seminars held at the Centers, support in business plan development, counseling, networking, and other services are useful in improving the financial literacy and expanding access to financial resources.

The services provided at the SMB development centers operating in Baku, Sumgait, and other regions will facilitate the work of credit organizations along with SMBs and support the growth of sustainable, development-oriented entrepreneurship services across the country. At the meeting, along with banks, NBFIs were invited to cooperate closely with the SMB development centers.