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

SMBDA and TÜMKİAD sign MoU 29.01.21

The delegation of the Turkish Association of Business People and Entrepreneurs (TÜMKİAD), visiting Azerbaijan, has paid a visit to the Small and Medium Business Development Agency (SMBDA).

During the meeting held between Chairman of the Board of SMBDA Orkhan Mammadov and TÜMKİAD Chairman of the Board Ilhami Ozturk, the participants were briefed on mechanisms to support small and medium businesses, cooperation between SMBDA and relevant structures of Turkey. At the meeting, where the prospects for cooperation between SMBDA and TÜMKİAD, Orkhan Mammadov stressed that the liberated territories have great economic potential and Turkish companies have ample opportunities for participation in the reconstruction and investment in these territories. He noted that the Agency can also support the participation of Turkish investors in the projects of SMBs in Azerbaijan and the expansion of cooperation between business associations of the two countries.

In turn, TÜMKİAD Chairman of the Board Ilhami Ozturk expressed his views on opportunities for cooperation.During the meeting, a Memorandum of Understanding (MoU) on cooperation was signed between SMBDA and TÜMKİAD. The document was signed by Chairman of the Board of SMBDA Orkhan Mammadov and TÜMKİAD Chairman of the Board Ilhami Ozturk. The MoU envisages support for mutual investment of SMBs of the two countries, organization of joint events, provision of necessary coordination during mutual business visits, exchange of information and experience.

It should be noted that TÜMKİAD is an association of Turkish businessmen uniting more than 350 companies in 27 sectors of the economy.