SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

The most active entrepreneurs of 2024 have been awarded A citizen reception was held at KOBİA Results of the 6th grant competition announced for financing projects by SMB entities have been disclosed A memorandum on the green transition of SMBs signed between KOBİA and the Asian Development Bank Business forum conducted within the framework of the project "Increasing attractiveness of the Shamakhi district for private Investments" New Startups Contributing to Digitalization The 9th "KOB Fest" exhibition -sales fair is underway in Göyçay With the support of KOBİA, Azerbaijani entrepreneurs' products were showcased at the "MÜSİAD EXPO" and "Halal Expo" exhibitions Yet another meeting of the sub-group on Environmental, Social, and Corporate Governance (ESG) standards was held 8 more SMBs have received the "Startup" certificate

The next meeting of the subgroup focusing on environmental, social, and corporate governance (ESG) standards was recently held. 23.04.24

The discussion was focused on implementation of the Roadmap for 2024 on stimulating and promotion of adoption of ESG principles and pending tasks within the framework of subgroup meeting on environmental, social, and corporate governance standards.

The next session of the subgroup on Environmental, social, and vcorporate governance (ESG) standards of the working group "Corporate governance, investments, and corporate social responsibility," led by the Small and Medium Business Development Agency (KOBİA) of the Commission on Business Environment and International Ratings took place on April 22.

The online meeting was attended by representatives from government agencies, as well as several public associations, domestic, and foreign consulting firms.

Mr. Vusal Shikhaliyev, Head of the Secretariat of the Commission on Business Environment and International Ratings, and Head of Sector for the Department of Economic Policy and Industrial Issues at the Presidential Administration of the Republic of Azerbaijan, along with Mr. Natig Hasanov, First Deputy Chairman of the ESG Standards subgroup shared their views on the subgroup's upcoming period.

During the meeting, presentations and discussions focused on various topics including progress on the Roadmap for 2024 at encouraging and advancing the adoption of ESG principles, global trends related to ESG, development issues within the national context, opportunities for adoption of ESG principles, and upcoming priorities.