SMB

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

The conference devoted to ”Day of Enterpreneurs” held The meeting held between KOBİA and Federative Republic of Somalia Kenyan delegation became familiarized with the activities of the "Baku SMB House" The next meeting of the subgroup focusing on environmental, social, and corporate governance (ESG) standards was recently held. Students and graduate students from Kazakhstan visited "Baku SMB House" What criteria are used for issuing a "startup" certificate? - AWARENESS KOBİA participated in the event "Caspian Investment Forum Bishkek 2024" 16 KOB entities were awarded with "Startup" certificates in the first quarter of this year The meetings with entrepreneurs within the state-business cooperation platform are underway. To the attention of SMB entities operating in the sectors of agriculture and food industry!

About 50% of applications for investment in Karabakh came from the Turkic Council member countries 10.09.21

To date, ARMSB has received about 220 applications from local and foreign investors interested in implementing projects in the liberated territories. About 50% of these applications came from the Turkic Council member and observer countries. Most of them are Turkish investors. This interest is not accidental since Karabakh offers wide business opportunities.

The chairman of the Board of the Small and Medium Business Development Agency (ARMSB) Orkhan Mammadov stated this at the Business Forum on the restoration and development of the liberated Karabakh region as part of the meeting of the ministers of economy of the member countries of the Cooperation Council of Turkic-speaking States (CCTS) in Baku. It was noted that bilateral and multilateral cooperation between the Turkic Council member states opens up great opportunities for expanding business partnerships in Karabakh with the participation of small and medium businesses (SMBs). “The opening of the Zangezur corridor connecting Azerbaijan and Turkey will also create new transport hubs and new opportunities in the region, including for SMBs of the Turkic Council member countries. We invite the business community to take advantage of these opportunities. SMBDA is ready to provide foreign investors wishing to invest in Azerbaijan with support in coordination with relevant bodies and search for suitable local partners”, Orkhan Mammadov said.