SMB

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

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

Opportunities for using the global SOURCE program within public-private partnership were presented 12.09.19

The Agency for Development of Small and Medium Business of the Republic of Azerbaijan (SMBDA) hosted a presentation delivered by international financial institutions on SOURCE program, considered to be a global platform for preparation and implementation of quality infrastructure projects within public-private partnership framework.

Currently, managed by the Swiss Fund for Sustainable Development, the SOURCE platform is used within public-private partnership framework for implementation of 284 infrastructure projects in 51 countries worldwide. Providing online connection to databases of the major international financial institutions, the platform ensures efficient cooperation opportunities with investors to attract foreign direct investments in respective countries. This platform also facilitates a development of centralized national database on projects of potential beneficiary organizations within public-private partnership framework.

At the presentation organized with the support of the Asian Development Bank Cédric van Riel, Program Manager of the Sustainable Infrastructure Foundation informed the audience about opportunities of the platform and expressed readiness for comprehensive cooperation to use this program in our country.

We need to note that within SMBDA, a Public-Private Partnership Development Center has been established. The main activities of the Center include preparation, implementation, efficient coordination of public-private partnership programs and projects with relevant beneficiary organizations, as well as awareness programs, improved knowledge and skills of all stakeholders including government agencies, along with expanding the involvement of small and medium business in those projects and support activities to attract investors for funding of the projects.