SMB

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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

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.