SMB

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

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 "From Us to Business" startup competition is underway

SMBDA has held several meetings during the forum 05.06.21

The Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan performed several meetings on expanding cooperation in the field of SMBs as part of the 24th St. Petersburg International Economic Forum held on June 2-5 in St. Petersburg.

At the meeting between the chairman of the SMBDA Board Orkhan Mammadov and the vice-president of the Chamber of Commerce and Industry of the Russian Federation Vladimir Padalko, issues of establishing direct contacts between the SMBs of Azerbaijan and Russia, holding seminars and training courses in the SMB development centers with the participation of Russian experts, exchange of experience in arranging national entrepreneurship competitions, and cooperation in informing and consulting services were discussed.

At the meeting with the chairman of the Public Council for Small Business Development under the Governor of St. Petersburg Elena Tsereteli, it was noted that the SMBDA is interested in cooperation with the council, and the exchange of experience in the provision of services to the SMBs and other cooperation areas were discussed.

At a meeting with the head of “Roseximbank” OJSC Azar Talibov, the parties discussed the prospects for cooperation in expanding the SMBs’ access to financial resources and the possibility of informing the Azerbaijani SMBs interested in the financial instruments offered by the bank.

At the meeting of the chairman of the SMBDA Board Orkhan Mammadov with the head of the "Machine-building cluster" of the Republic of Tatarstan Sergey Mayorov and the "Entrepreneurship factory" project leader Aydar Bulatov, the parties exchanged views on the use of clusters in terms of realizing the competitive advantages of businesses, deepening the sectoral specialization of SMBs, and developing the business thinking.