SMB

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

Today International Day of Micro, Small and Medium-sized Enterprises is marked An exhibition showcasing products and services from over 150 domestic companies is currently underway. The product of artificial intelligence for intelligent search has been developed in Azerbaijan. The "Investment Journey" event took place this time in the city of Sheki Meeting with Students of Baku Business University The "Advertising Exhibition of Local Companies" launches Importance of applying Environmental, Social, and Corporate governance principles for business Exhibition-sale fairs will be held in the regions of the country A document was signed between KOBİA and the Belarusian Chamber of Commerce and Industry The number of entities awarded with the "Startup" certificate has reached 151

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.