SMB

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

Investment opportunities expand: the investment promotion mechanism now covers 17 strategic directions The territories liberated from occupation provide extensive opportunities for investors A blood donation campaign dedicated to Remembrance Day was held Delegation of representatives of the RIYADA organization from Oman visited “Baku SME House” Volunteer blood donation campaign will be held Entrepreneurs can apply to SME Houses to obtain licenses KOBİA representatives participated in an international seminar held in Turkey The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues

SMB development centers to be launched in 2020 10.01.20

In 2019, a total of 23 training courses, 9 online awareness-raising events, 7 seminars, 2 round tables, and other educational events were held by the Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan in Baku and regions of the country to educate micro, small and medium businesses, to increase their knowledge and skills, and improve the quality of vocational training. More than 8 thousand SMBs attended the events on business development, increasing financial literacy, corporate governance, sales and marketing, public-private partnerships, etc.

SMBDA has partnered with state agencies, international organizations, business associations, and NGOs to conduct educational events involving local and international experts, and has used a business partnership platform in this area.

In addition to the theoretical knowledge at the events, practical information and skills were presented to entrepreneurs in various enterprises and farmsteads, and successful entrepreneurs in business shared their experiences.

Furthermore, in 2019, 38 entrepreneurs and managers were trained in professional development and enterprises in Germany within the “German-Azerbaijani Joint Program for the professional development of Managers in the Business Community of Azerbaijan," which is coordinated by SMBDA from Azerbaijan and the German Society for International Cooperation (GIZ) from Germany. In total, 422 entrepreneurs and managers have benefited from the program so far. About 40 businessmen and managers will be trained in professional development courses in Germany this year.

SMBDA is planning to launch an online training platform and small and medium business development centers for entrepreneurs to increase their knowledge and skills.