SMB

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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 Meetings with entrepreneurs were held in Jalilabad and Goychay This year, entrepreneurs and individuals seeking to start business for the development of 220 business plans were supported A meeting with entrepreneurs was held in Quba "SMB FEST" exhibition-sale fair is underway in Khachmaz What should green business be like?

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.