SMB

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Investment opportunities expand: the investment promotion mechanism now covers 17 strategic directions The territories liberated from occupation provide extensive opportunities for investors A blood donation campaign dedicated to Remembrance Day was held Delegation of representatives of the RIYADA organization from Oman visited “Baku SME House” Volunteer blood donation campaign will be held Entrepreneurs can apply to SME Houses to obtain licenses KOBİA representatives participated in an international seminar held in Turkey The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues

Impact of coronavirus discussed on private preschool education, training courses, sports and health sectors 29.03.20

Discussions carried on with entrepreneurs operating in private preschools, language and training courses, sports and health sectors to study the impact of the coronavirus (COVID-19) pandemic on these areas.

Discussions held by the Ministry of Economy were attended by the Ministries of Taxes, Labor and Social Protection of Population, Small and Medium Business Development Agency (SMBDA), National Confederation of Entrepreneurs (Employers). The parties highlighted that entrepreneurs operating in these fields were likewise affected by the negative impacts because of the introduction of a strict regime and social isolation of the population, and examined the ways to minimize these impacts.

Entrepreneurs were informed about the undertaken actions and planned measures in this area. It was mentioned that proposals would be discussed in the Working Group established to assess the impact of the coronavirus pandemic on the economy of the Republic of Azerbaijan.

The discussions highlighted the importance of increasing social responsibility for the private sector in the current situation once again and recommended to prevent layoffs and employee cutbacks.