SMB

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

Meeting of the subgroup on “Environment, social and governance (ESG) standards” The Azerbaijan’s Growth Dynamics for SMB Sector continues Baku Coalition Declaration for the Green Climate Transition of SMBs Garners Support from the Private Sector, too The 7th meeting of the Business Council under the AQEM was held A discussion was held on the topic "The Role of SMEs in Sustainable Water Use" A meeting between KOBİA and the delegation of Egypt’s National Initiative for Smart Green Projects was held The role of SMBs in the Transition to the Green Economy Within the framework of COP29, a panel discussion was held on the topic “The Role of SMBs in the Green Economy” KOBİA and the "Invest Bulgaria" Agency to collaborate Within the framework of COP29, the documents for collaboration were signed to support the green transition of SMBs

International Cooperation

The Small and Medium Business Development Agency of the Republic of Azerbaijan cooperates with relevant agencies of Turkey, Russia, Saudi Arabia, Italy, Great Britain, United States, Korea, Switzerland, Israel, Poland, United Arab Emirates, Kazakhstan, Hungary, Uzbekistan, Ukraine, and other countries in order to study best practices experience in the field of small and medium business, establish and develop relations in this field. The agency likewise acts supports foreign organizations and investors and acts as an intermediary between international financial institutions, and foreign investors interested in investing in the economy of Azerbaijan and connects them to local entrepreneurs and SMBs.

Memorandums of Understanding signed between the SMBDA and foreign counterparts

•Memorandum of understanding on cooperation with the Small and Medium Enterprises Development Organization of the Republic of Turkey (KOSGEB) and Joint Action Plan

•Memorandum of Understanding with the Association of Swiss Companies Economiesuisse

•Framework agreement on the expansion of bilateral investment relations with Saudi Arabian General Investment Authority (SAGİA) ”

•Memorandum of understanding on cooperation with the Hungarian Export Promotion Agency (HEPA)

•Road map on the implementation of measures within the framework of the Memorandum of Understanding with the Federal Corporation for the development of small and medium-sized enterprises of the Russian Federation

•Memorandum of Understanding on cooperation with “Damu” Entrepreneurship Development Fund of the Republic of Kazakhstan

•Memorandum of Understanding with small business and Entrepreneurship Development Agency under the Ministry of Economy and Industry of the Republic of Uzbekistan

•Memorandum of cooperation with Chamber of Commerce and Industry of the Republic of Ukraine

•Memorandum of understanding on mutual cooperation with the All-Russian small and medium Entrepreneurship Public Organization "Opora Rossii" of the Russian Federation

•Cooperation with the German Agency for International Cooperation (GIZ) within the framework of the German-Azerbaijani Joint Program to improve skills of managers in Azerbaijan's business community

•Memorandum of Understanding on cooperation with Huawei Tech Azerbaijan LLC

•Memorandum of Understanding with Katilim Banks Association of Turkey

•The trilateral protocol of intention between SMBDA, Ziraat Bank and Türk Exim Bank

•Memorandum of understanding on cooperation with the Russian-Azerbaijani Business Council

•Memorandum of understanding on cooperation with” Delovaya Rossiya " all-Russian public organization

•Memorandum of Understanding with the Union of Industry and entrepreneurs of Turkmenistan