SMB

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Three More SMEs Awarded “Startup” Certificates Public discussion is organized due to green transport business Opportunities for entrepreneurial activities in regions : SME Friends, SME Development Agencies The Promotional Exhibition of Local Companies is Commencing Meeting was held with Entreprenuers engaed in import and export 8th Plenary Session of the CICA Business Council and the 10th Business Forum Held in Baku Attention to SMEs Wishing to Showcase Their Products and Services at the “2nd Turkic Trade Fair”! Young Entrepreneurs from Azerbaijan and Turkiye Discuss Prospects for Cooperation With Government Support, Nearly 10 Entrepreneurs Participate in “Caspian Agro” and “InterFood Azerbaijan” Exhibitions Another Training Held for Entrepreneurs Engaged in Export Activities

SMBs are provided with state support on domestic market research 22.01.20

In accordance with the relevant Decree of the President of the Republic of Azerbaijan, micro, small and medium businesses (SMBs) are provided with information and financial support to conduct domestic market research and stimulate the competitive production in the country.

In 2019, a positive decision was made on the eight applications submitted by SMBs to the Small and Medium Business Development Agency (SMBDA) related to domestic market research. The applications were sent to consulting companies following the relevant procedure under the Law "On Public Procurement" of the Republic of Azerbaijan. Domestic market research covers the production of disposable plastic and paper containers, aluminium foil lids, nuts and dried fruit bars, paper products, and thermal paper, technological equipment for security, as well as equipment for milk and dairy products, bread production, and transport services in the tourism sector.

It should be noted that 80% of the costs related to each domestic market research, which was conducted based on the application of the micro-business entity, and 50% of the costs incurred by each domestic market research conducted based on the application of a small business entity, are funded by the state. Medium business entities can benefit from free training events, seminars, and information support. SMBDA organizes support measures to conduct domestic market research. Entrepreneurs can find out more about this in a special section (http://smb.gov.az/nav/daxili-bazar-description) created on the official website of SMBDA.