SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

The most active entrepreneurs of 2024 have been awarded A citizen reception was held at KOBİA Results of the 6th grant competition announced for financing projects by SMB entities have been disclosed A memorandum on the green transition of SMBs signed between KOBİA and the Asian Development Bank Business forum conducted within the framework of the project "Increasing attractiveness of the Shamakhi district for private Investments" New Startups Contributing to Digitalization The 9th "KOB Fest" exhibition -sales fair is underway in Göyçay With the support of KOBİA, Azerbaijani entrepreneurs' products were showcased at the "MÜSİAD EXPO" and "Halal Expo" exhibitions Yet another meeting of the sub-group on Environmental, Social, and Corporate Governance (ESG) standards was held 8 more SMBs have received the "Startup" certificate

New business assositions created 24.07.20

“Association of sand, gravel and stone producers” Public Union, “Association of Azerbaijan jewelers” Public Union and “Chain Stores” Public Union were established by the initiative and with the support of the Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan.

All three business associations have been registered with the state and have already started their activity.

The new associations were created to support the development of relevant sectors, to promote and restructuring initiatives in these sectors, to coordinate with entrepreneurs, especially small and medium-sized businesses, and to expand cooperation between them.

It should be noted that the “strategic road map on the production of consumer goods at the level of small and medium enterprises in the Republic of Azerbaijan” envisages the creation of new business associations and strengthening the activity of existing associations. SMBDA closely cooperates with business associations and promotes the creation of business associations among entrepreneurs. Most of the 15 organizations represented in the Public Council under the agency are sectoral associations operating in various sectors of the economy.