SMB

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Event held on the assessment of the "Small and Medium Entrepreneurship Policy Index" for Azerbaijan 05.05.23

An event was held on the implementation of the "SME Policy Index", which is a project for assessing compliance with the Small Business Act for the European Union in Eastern Partnership countries.

An event was held regarding the implementation of the "SME Policy Index", which is a project for assessing compliance with the Small Business Act for the European Union in Eastern Partnership countries.

Representatives of relevant state agencies, private sector, OECD and European Bank for Reconstruction and Development, as well as representatives of a number of embassies and international organizations attended the event, which was organized with the support of the Organization for Economic Cooperation and Development (OECD) and the Ministry of Economy, and the Small and Medium Business Development Agency (KOBİA).

Speaking at the event, the representatives of the Ministries of Economy, Science and Education, the Central Bank, KOBİA, the Antimonopoly and Consumer Market Control State Service, the Export and Investment Promotion Agency - AZPROMO and other agencies informed on the support measures provided to SMBs, the current regulatory policy in this field and emphasized that the assessment of the "SME Policy Index" is of great importance in the development of activities in the field of small and medium business development.

"SME Policy Index" is determined every four years by the OECD by conducting a survey of Eastern Partnership countries. Questions on the electronic platform were answered by the relevant state agencies to determine the "SME Policy Index" for Azerbaijan for the next stage. The questions include digital economy, insolvency and recovery, SME skills, institutional regulation and business environment, public procurement, standards and regulations, internationalization of SMBs, implementation of innovations, support of SMBs and start-ups, human capital in the field of entrepreneurship, access to financial resources, role of SMBs in the "green economy", etc.

"SME Policy Index" is a tool that allows assessing the process of developing and implementing the policy on SMBs in comparison with the countries of the European Union and other leading international practices. Developed by the OECD in cooperation with the European Union, the European Bank for Reconstruction and Development and the European Training Foundation, the assessment has been conducted since 2012 across five regions, including the Eastern Partnership countries.