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Meeting of the subgroup on “Environment, social and governance (ESG) standards” The role of SMBs in the Transition to the Green Economy Within the framework of COP29, a panel discussion was held on the topic “The Role of SMBs in the Green Economy” KOBİA and the "Invest Bulgaria" Agency to collaborate Within the framework of COP29, the documents for collaboration were signed to support the green transition of SMBs Representatives of the International Trade Centre (ITC) paid the visit to "Baku SMB House" A conference was held regarding the presentation of unified platform and the national standard for ESG A national standard on Environmental, Social, and Corporate Governance (ESG) has been adopted "KOB FEST" exhibition-sale fair held in Khachmaz A business plan – the key to successful and sustainable business

SMBDA and the Russian Export Center signed a document for cooperation 17.11.21

On November 17, the Small and Medium Business Development Agency (SMBDA) and the Russian Export Center signed a Memorandum of Understanding for cooperation. The document was signed by the Chairman of the SMBDA Board Orkhan Mammadov and Azar Talibov on behalf of the Russian Export Center. The Memorandum of Understanding provides for expanding cooperation between Azerbaijan and Russia in the field of small and medium entrepreneurship, export and industry data exchange, the arrangement of joint business missions and other events, etc.

The Memorandum of Understanding was signed as part of the Russian business mission for the development of urban infrastructure “Smart city”, arranged by the Russian Export Center. Speaking at the event, the Chairman of the SMBDA Board Orkhan Mammadov shared his views on the participation of SMBs in the “Smart city” projects and expanding ties between local and Russian SMBs. The potential for implementing joint projects based on the "Smart city" concept with the participation of Azerbaijani and Russian entrepreneurs, and especially SMBs was noted. This approach will enhance the role of SMBs in the supply chain, create new joint ventures and expand the implementation of innovative solutions. The use of the public-private partnership model in this direction can increase the efficiency of implementation and the intensity of financing such projects. The Chairman of SMBDA also provided information on the Agency’s activity and cooperation with the relevant Russian agencies in the field of SMBs. It was noted that Russian businessmen can use the SMBDA’s support and services to establish cooperation with local SMBs and develop existing ties, as well as implement joint initiatives.