SMB

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

Training "Islamic Banking and Finance" was held A compendium outlining the principles of environmental, social, and corporate governance (ESG) has been compiled. Support for entrepreneurs engaged in production - Model enterprise SME About 8 thousand B2B services were rendered to entrepreneurs in the “Baku SMB House” The workshop focusing on securing investments for small and medium-sized businesses (SMBs) and startups is scheduled. What government services do entrepreneurs most frequently request at the "Baku SMB House"? Is it possible to get a duplicate of the “startup” certificate? KOBİA encourages investors to invest in projects led by small and SMBs and startups A seminar was conducted on the theme of "Transforming SMBs towards a Green Economy and Green Finance" 6 micro-enterpreneurs have been awarded with "Startup" certificates

Discussions held with entrepreneurs operating in the public catering sector 26.03.20

Discussions were held to examine the impact of the coronavirus (COVID-19) pandemic on entrepreneurs operating in the public catering sector.

Discussions were attended by the representatives of the Ministries of Economy, Taxes, Labor and Social Protection of Population, Small and Medium Business Development Agency (SMBDA), National Confederation of Entrepreneurs (Employers). The entrepreneurs made proposals, and noted the coronavirus infection affected various sectors of the economy, including the public catering sector and also discussed the ways to minimize its impact.

It was highlighted that the government of Azerbaijan has always been along with entrepreneurs and will support them in these difficult times. Entrepreneurs were informed about the measures undertaken by the Government of Azerbaijan to minimize the impact of coronavirus infection on the business environment and economic activity. It was noted that the Working Group established to assess the impact of the coronavirus pandemic on the Azerbaijani economy, is currently preparing mechanisms to support entrepreneurs and employers, and relevant proposals to ensure sustainable economic growth.

The measures are being taken to eliminate the negative economic impacts on the public-private sector partnership. Sharing the social responsibility of the private sector is a must, and measures are being identified to support entrepreneurs in this area. In this regard, entrepreneurs are recommended to avoid layoffs, employee cutbacks, and urged to show corporate responsibility and social solidarity.