SMB

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

27 June – International Day of Micro-, Small and Medium-sized Enterprises: SMEs Changing the World A reception of entrepreneurs will be held in Balakan Businessmen of the Nigde (Niğde) Region of Türkiye Visited the Baku SME House Investment Portal: A Support Tool Bringing Together Entrepreneurs and Investors on One Platform Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings

Establishment and development of employment-intensive enterprises are supported 05.04.22

Caspian Textile, established with state support from the Small and Medium Business Development Agency (SMBDA) and Birge Invest, is increasing production capacity and product range.

The establishment of the enterprise operating in the Garadagh district of Baku was supported by and Birge Invest through access to financial resources, business planning and organization, conducting internal market research, drawing up a business plan, and training for staff.

On April 5, SMBDA representatives got acquainted with the production process at the enterprise and exchanged views on future plans and necessary support.

It was reported that the company currently produces various uniforms, school, work and other clothing, sells helmets, gloves, shoes and respirators. Equipped with modern equipment, the company has sewing, painting, embroidery, model design and construction offices. Over the past year, the company has reached a monthly production capacity of 15,000 sets of clothing. Relevant work is being done to produce new textile products and increase the enterprise's production capacity to 30,000 garments a month. The company employs about 60 people. Attention is paid to the employment of people belonging to vulnerable groups in appropriate positions.