SMB

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

Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings HELF/AZHAB Forum 2026 to Be Held Within the Framework of the IsDB Group Annual Meetings in Baku A meeting with entrepreneurs was held in the Khizi district For the attention of micro and small entrepreneurs wishing to present their products and services at the “Local Companies Promotion Exhibition!” ANNOUNCEMENT An online meeting of the Management Board of the CICA Business Council was held What is the support amount paid for conducting an internal market study and on what basis is this amount determined? The appeals of entrepreneurs from the Gazakh–Tovuz economic region were heard

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.