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

SMBDA held a meeting with entrepreneurs to study the impact of the coronavirus on the tourism sector 31.03.20

The Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan held the meeting with entrepreneurs operating in the tourism sector to study the impact of coronavirus (COVID-19) infection spread worldwide on local entrepreneurs.

The meeting was attended by representatives of the State Tourism Agency, the working Committee on Tourism and Services of the National Confederation of Entrepreneurs (Employers), various associations operating in the tourism sector, as well as about 30 tourism companies.

Given the large number of small and medium businesses (SMBs) operating in the field of tourism, one of the priorities of the non-oil sector, Orkhan Mammadov, Chairman of the Board of SMBDA, highlighted that the meeting aims to examine the possible impact of the coronavirus epidemic on the tourism sector of Azerbaijan, business, in general, as well as the problems faced by SMBs, to discuss ways to minimize possible impacts, and to study the expectations and proposals of the tourism sector.

At the meeting, tourism associations and companies highlighted that the flow of domestic and foreign tourists reduced, pre-booked tours and hotel reservations had been cancelled, the tourism sector had lost certain revenues because of the postponement of various events, especially those related to Novruz holiday, solutions on the problem were discussed, and proposals were made.

During the event, a survey was conducted among entrepreneurs to assess the impact of coronavirus infection on business activities.