SMB

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

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 "From Us to Business" startup competition is underway

Directions of the strategic investment projects for which the investment promotion document is to be issued have been approved 02.02.24

By the Decree of the President of the Republic of Azerbaijan dated February 1, 2024, directions of the strategic investment projects for which the investment promotion document is to be issued have been approved have been approved.

These include:

1. Production projects based on local raw material base (metal ore, oil, gas, chemical, construction materials and cotton fields);

2. Energy production projects from renewable energy sources;

3. Waste management and recycling projects;

4. Sea water desalination projects;

5. Projects of establishment of private industrial districts;

6. Production projects of non-oil industry enterprises privatized through investment competitions after January 1, 2023;

7. "First in Azerbaijan" projects implemented aimed at establishing areas of economic activities, whose production is organized for the first time in the Republic of Azerbaijan, promoting the level of self-sufficiency with local products (substitution of imports) or boosting the export potential of the non-oil sector;

8. Aircraft operation and maintenance projects;

9. Projects for the repair of the rolling stock of the railway and the production of its spare parts;

10. Projects for the production of military products;

11. Aluminium products manufacturing projects;

12. Public-private partnership projects (such as private sector projects to generate power with government purchasing obligations);

13. Accommodation project within the COP29 international event.

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