SMB

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

Interest in SME Houses as an innovative model in the field of business services is increasing Additional 55 people were engaged in training within the framework of the “Karabakh SME 2026” project More than 312,000 services were provided to entrepreneurs in SME Houses in the first half of 2026 Applications of entrepreneurs were considered at KOBİA In the first half of 2026, the KOBİA Call Centre via number 131 responded to approximately 5,000 enquiries The next meeting within the framework of the "Investment Journey" project was held in the city of Aghsu Business projects that have received the "Startup" Certificate are developing More than 50 meetings with entrepreneurs were organised in the first half of 2026 Another meeting with entrepreneurs was organised in the city of Mingachevir A production enterprise for test kits and medical plastic packaging products will be established

Document on cooperation signed between KOBİA and the Innovation Agency Lithuania 22.05.23

The Memorandum of Understanding signed between KOBİA and the Innovation Agency Lithuania within the scope of the Lithuanian-Azerbaijani business forum held in Vilnius provides for the exchange of information and experience in the field of service to entrepreneurs, and the organization of joint events to strengthen cooperation between SMB entities.

Lithuanian-Azerbaijani business forum was held in Vilnius with the attendance of the President of the Republic of Azerbaijan Mr. Ilham Aliyev and the President of the Republic of Lithuania Mr. Gitanas Nauseda.

Apart from state officials, representatives of companies engaged in the fields of industry, finance, construction, agriculture, tourism, petrochemical, pharmaceutical and ICT took part in the event jointly organized by Azerbaijan Export and Investment Promotion Agency - AZPROMO, the "LitFOOD" Export Promotion Agency and the Innovation Agency Lithuania.

Delivering a presentation at the forum, Orkhan Mammadov, the Chairman of the Board of the Small and Medium Business Development Agency (KOBİA), highlighted the activities of the Agency, the support and services provided to SMBs in our country, as well as the opportunities for cooperation between the SMBs of Azerbaijan and Lithuania.

As part of the event, a number of documents were signed, including a Memorandum of Understanding on cooperation between KOBİA and the Innovation Agency Lithuania. The document was signed between Orkhan Mammadov the Chairman of the Board of KOBİA and Indre Balciunaite, the representative of the Innovation Agency Lithuania. The memorandum stipulates mutual exchange of information on various events between small and medium business entities of both countries and exchange of experience in the field of providing services to SMBs, organizing joint events to strengthen cooperation between SMBs, etc.