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 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.