We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!
SMBDA took part in the event held as part of the Global Entrepreneurship Week A meeting held between the SMBDA and MUSIAD leadership Baku hosts International Business Forum A welcome banquet arranged for the International Business Forum participants Participants of the 25th International Business Forum visited the Alley of Martyrs A press conference dedicated to the 25th International Business Forum was held Winners of the competition “From Idea to successful business” announced Meeting with entrepreneurs held in Goygol Webinar to fund SMB’s scientific and support projects held SMBDA was represented at a panel "Current development of the global economy and prospects for the development of trade between the Turkic countries"
Issues of participation of businessmen in restoration and reconstruction of the territories liberated from the occupation discussed 14.10.21
Issues of participation of businessmen in restoration and reconstruction of the territories liberated from the occupation discussed

A business lunch dedicated to our victory in the Patriotic war was arranged by the Turkish-Azerbaijani Businessmen Union with the participation of the Small and Medium Business Development Agency (SMBDA). At the event attended by veterans and representatives of the business community, an exchange of views took place on the participation of businessmen in the restoration and reconstruction of Karabakh and the employment opportunities created there.

 

Speaking at the event, the chairman of the SMBDA Board Orkhan Mammadov stressed the importance of involving the private sector in the reconstruction of the Karabakh region and the realization of business potential. It was noted that the participation of the private sector in this process can be beneficial in terms of reducing public investment costs and attracting domestic and foreign investment through alternative and diverse financing mechanisms. Herewith, applying an innovative technological approach and effective management practices of the private sector in the restoration and reconstruction of the territories liberated from the occupation will allow improving the efficiency and quality of work and services. According to the Azerbaijani state’s development concept concerning Karabakh, the SMBDA has included investment in the liberated territories and the implementation of business projects there in the range of priority areas of its strategic program for the coming period. Currently, entrepreneurs wishing to build a business in our territories liberated from the occupation submit their business projects to the SMBDA. These projects cover trade, services, construction, industry, agriculture, education, and other areas. Along with a number of benefits for SMBs, activity in the territories liberated from occupation will create conditions for implementing important business projects aimed at realizing the economic potential of the region.

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