SMB

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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

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.