SMB

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

Training "Islamic Banking and Finance" was held A compendium outlining the principles of environmental, social, and corporate governance (ESG) has been compiled. Support for entrepreneurs engaged in production - Model enterprise SME About 8 thousand B2B services were rendered to entrepreneurs in the “Baku SMB House” The workshop focusing on securing investments for small and medium-sized businesses (SMBs) and startups is scheduled. What government services do entrepreneurs most frequently request at the "Baku SMB House"? Is it possible to get a duplicate of the “startup” certificate? KOBİA encourages investors to invest in projects led by small and SMBs and startups A seminar was conducted on the theme of "Transforming SMBs towards a Green Economy and Green Finance" 6 micro-enterpreneurs have been awarded with "Startup" certificates

New staff of the Public Council under SMBDA revealed 26.11.20

A regular meeting of the Public Council under the Small and Medium Business Development Agency (SMBDA) was held. At the online meeting, new members and the Chairman of The Agency's Public Council were elected for the next two years.

At the meeting organized with heads of industry associations and non-governmental organizations represented in the Public Council, Farhad Garashov, Chairman of the Azerbaijan Pomegranate Producers and Exporters Association, was elected Chairman of the Public Council under the SMBDA. In the next two years, the Agency's Public Council will be represented by 15 business associations, including Public Union regional development of the Heydar Aliyev Foundation, the Association of manufacturers of building materials in Azerbaijan, the Association of women's entrepreneurship in Azerbaijan, the Azerbaijan tourism Association, the Association of producers and exporters of milk and dairy products of Azerbaijan, the Fund of assistance to entrepreneurship and market economy, Public Union "Organization of entrepreneurs with disabilities", Association of banks of Azerbaijan, Public Union "Association of beekeepers of Azerbaijan", the Association of producers and exporters of pomegranate, Azerbaijan branch of MUSIAD, Public Union "Association of small and medium business entities and clubs", Association of travel agencies of Azerbaijan, Azerbaijan Association of machinery and equipment manufacturers, Azerbaijan Association of food and beverage manufacturers, that unite hundreds of entrepreneurs and non-governmental organizations.

Addressing the meeting, Orkhan Mammadov, Chairman of the Board of SMBDA, noted that, as in the rest of the world, the year 2020 in Azerbaijan has created certain difficulties for the business community due to the coronavirus pandemic. It was noted that entrepreneurs should adjust their activities to new economic realities and challenges. The prosperous economic potential of our territories, which were liberated from occupation as a result of the second Karabakh war, opens up new opportunities for businesses, especially SMBs, and entrepreneurs should actively participate in creating businesses in these territories. The Public Council under the ARMSB should also adapt its activities following the new requirements and challenges. Among the Public Council's expectations are to ensure public participation in the Agency's activities, expand the interaction of the SMBDA with the community, including the business community, provide entrepreneurs with mechanisms to support the SMBDA and encourage the use of these tools, and continue the public-private dialogue with the organization of events on various topics.

At the meeting, a report on the Public Council's activities under the SMBDA over the past two years was presented, discussed the measures to be taken by the Council in the coming years, and the difficulties faced by entrepreneurs due to the pandemic.

At the same time, at the online event, the heads of business associations noted that the business entities represented in their ranks are interested in restoring and reconstructing territories liberated from occupation, participating in business organizations, and made various proposals in this direction.