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

Establishment of new credit institutions expands SMEs' access to financial resources 18.02.22

An event was held in the financial sector to establish a new non-bank credit organization (NBCO) - "AZPUL" LLC. At the event, Chairman of the Board of the Small and Medium Business Development Agency (SMBDA) Orkhan Mammadov said that the activities of microfinance institutions are important in terms of improving the access of entrepreneurs to financial resources. It was noted that SMBDA positively assesses the establishment of new non-bank credit institutions in the financial sector and innovative financial services. The Agency is also working to increase access to financial resources for SMEs. For this purpose, a consultative platform has been established, funding for innovative projects is provided through a grant program implemented by SMBDA, and other measures are being taken.