SMB

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

Investment opportunities expand: the investment promotion mechanism now covers 17 strategic directions The territories liberated from occupation provide extensive opportunities for investors A blood donation campaign dedicated to Remembrance Day was held Delegation of representatives of the RIYADA organization from Oman visited “Baku SME House” Volunteer blood donation campaign will be held Entrepreneurs can apply to SME Houses to obtain licenses KOBİA representatives participated in an international seminar held in Turkey 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

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.