SMB

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

Meeting of the subgroup on “Environment, social and governance (ESG) standards” The role of SMBs in the Transition to the Green Economy Within the framework of COP29, a panel discussion was held on the topic “The Role of SMBs in the Green Economy” KOBİA and the "Invest Bulgaria" Agency to collaborate Within the framework of COP29, the documents for collaboration were signed to support the green transition of SMBs 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

Developing women's entrepreneurship is among the priority areas 18.11.21

“The role of women's entrepreneurship in the economy is growing both globally and in our country. Women have become more interested in starting a small business, self-employment. Their efforts are especially critical under the conditions of the COVID-19 pandemic. Developing women's entrepreneurship is among the priority areas of the SMBDA’s activity. The Agency takes measures to stimulate the development of women's entrepreneurship, further increase the number of women among small and medium entrepreneurs, and create appropriate support mechanisms for this purpose”.

The chairman of the Board of Small and Medium Business Development Agency (SMBDA) (KOBİA) Orkhan Mammadov stated this at the event "Women's National Business Conference / New Opportunities on the Horizon: Green Light for Women Entrepreneurs", arranged in partnership with the Women's Entrepreneurship Development Association in Azerbaijan as part of the Private Sector Development Project funded by the US Agency for International Development (USAID). It was noted that to date, the share of women entrepreneurs taken advantage of various support measures offered by SMBDA in Baku and various regions to educate entrepreneurs, improve their knowledge and skills, and access to markets and financial resources was more than 30 %. Measures for the development of women's entrepreneurship are taken in close cooperation with them based on the public-private dialogue platforms created for this purpose. The Women's Entrepreneurship Development Association is actively represented in the Public Council under SMBDA. Various measures are being taken to attract women to business and self-employment through the Agency's SMB development centers. Educational events are regularly arranged to inform women of entrepreneurship, innovations, and support mechanisms in this area and study their views and proposals.