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Attention to SMEs Interested in Collaborating with Oil and Gas Companies! An event dedicated to the 102nd anniversary of the birth of Heydar Aliyev was held at KOBIA Entrepreneurs’ Questions Regarding the 7th Grant Competition Addressed A Meeting Was Held with Female Inmates at Penitentiary Institution No. 4 of the Penitentiary Service A Memorandum of Understanding Signed Between KOBIA and the Belarusian Universal Commodity Exchange JSC The Path to Entrepreneurship – Take Your First Step into Business with the Self-Employment Program Attention to the SMBs with questions regarding the 7th Grant Competition Support from entrepreneurs to football clubs within the framework of Corporate Social Responsibility The 6th Meeting of the Azerbaijan–Saudi Arabia Joint Business Council Held in Riyadh Conference on "Constitution and Sovereignty – The Development of Entrepreneurship in Azerbaijan" Held

A new production cooperative created in Aghdash 10.09.21

Production Cooperative “Aran” has been established in Yenija village of the Aghdash region with the support of the Small and Medium Business Development Agency (SMBDA) and the Ministry of Agriculture.

The cooperative consists of 5 farms operating in the field of agriculture and covers an area of 57 hectares. It is planned to plant crops on the land plot belonging to the cooperative, including a pomegranate garden on 15 hectares, and grain, corn, rice, and clover on 42 hectares.

In the course of preparing the appropriate documents and registering the "Aran" Production Cooperative, the Goychay-Aghdash SMB Development Center (SMBDC) provided the necessary information and consulting services, legal assistance, as well as information on cooperatives and tax legislation.

SMBDA and the Agency’s regional structural units – SMB Development Center and SMB friend – will continue to provide the “Aran” Production Cooperative with the necessary assistance.

Note that creating agricultural cooperatives allows more efficiently using available resources (land, property, etc.), which increases the income of farmers by reducing costs. Cooperatives are also important in terms of attracting large investments in the economy, increasing the production of competitive products, expanding access to foreign markets, and promoting clustering in the agricultural sector.