SMB

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

Next reception of citizens held at KOBİA What events will be organized for entrepreneurs in August? “Ganja SME House” provided entrepreneurs with more than 2,000 kinds of services during the first three months of activity Memorandum of Understanding on cooperation signed between KOBİA and the Turkish Trade Center SME cluster companies create new cooperation opportunities for entrepreneurs Business contracts Applications of entrepreneurs have been heard Interest in the "SME Volunteers" Programme continues to increase Training events are being conducted within the framework of the Business Partnership Programme 35 "Startup" Certificates have been issued during the elapsed period of the current year

Discussions were held on alternative SMBs financing mechanisms with the Participation Banks Association of Turkey 20.11.20

Within the MUSIAD Expo 2020 in Istanbul, Chairman of the Board of the Small and Medium Business Development Agency (SMBDA) Orkhan Mammadov met with the Chairman of the Participation Banks Association of Turkey (TKBB) Metin Ozdemir.

At the meeting, it was noted that last year in Baku, within the framework of the 7th summit of the Cooperation Council of Turkic-speaking States, a Memorandum of understanding was signed between SMBDA and TKBB, providing for the exchange of experience in the field of alternative financing mechanisms and cooperation of SMBs in support of investment projects, a trilateral Protocol of intent between Ziraat Bank, Turk Exim Bank, and the Agency. During the meeting, where a detailed exchange of views on cooperation took place, alternative mechanisms for financing SMBs, the application of innovative and alternative tools for financing SMBs using the experience of TKBB, and the participation and promotion of Turkish banks in potential investment projects in the territories of Azerbaijan liberated from occupation were discussed.