SMB

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

Interest in SME Houses as an innovative model in the field of business services is increasing Additional 55 people were engaged in training within the framework of the “Karabakh SME 2026” project More than 312,000 services were provided to entrepreneurs in SME Houses in the first half of 2026 Applications of entrepreneurs were considered at KOBİA In the first half of 2026, the KOBİA Call Centre via number 131 responded to approximately 5,000 enquiries The next meeting within the framework of the "Investment Journey" project was held in the city of Aghsu Business projects that have received the "Startup" Certificate are developing More than 50 meetings with entrepreneurs were organised in the first half of 2026 Another meeting with entrepreneurs was organised in the city of Mingachevir A production enterprise for test kits and medical plastic packaging products will be established

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.