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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 took part in an international event on social entrepreneurship 28.05.21

The Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan was represented at the “European Social Economy Summit 2021” jointly arranged by the European Commission and the City of Mannheim Administration with the support of the German Corporation for International Cooperation (GIZ) and the Swiss Agency for Development and Cooperation (SECO).

At a panel on the topic “Social economy in the Eastern partnership countries - political changes and opportunities for cooperation”, the deputy chairman of the SMBDA Board Mehman Abbas spoke about the current situation, achievements, and prospects for the development of social entrepreneurship in Azerbaijan. It was noted that social entrepreneurship is one of the priorities on the Azerbaijani government’s agenda in terms of creating opportunities for decent employment and income of people from socially vulnerable groups, as well as their full integration into society. Social business initiatives, which are part of the entrepreneurship development policy successfully implemented in our country, provide for the further developing legislation and the necessary infrastructure in this area, expanding the range and coverage of social business support mechanisms, raising awareness in this area, and expanding knowledge and skills with involving relevant partners.

Note that the two-day “European Social Economy Summit 2021” was attended by about 3 thousand delegates from about 100 countries. The event discussed global trends and challenges of social entrepreneurship and ensured an exchange of experience of different countries.