SMB

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27 June – International Day of Micro-, Small and Medium-sized Enterprises: SMEs Changing the World A reception of entrepreneurs will be held in Balakan Businessmen of the Nigde (Niğde) Region of Türkiye Visited the Baku SME House Investment Portal: A Support Tool Bringing Together Entrepreneurs and Investors on One Platform Azerbaijan Pavilion Featured at IsDB’s 14th Private Sector Forum Exhibition Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced Support for Expanding Sales Opportunities of SMEs The “7th Local Companies Promotion Exhibition” is being held HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings

Azerbaijan’s SME Development Agency holds discussion on alternative financing mechanisms for SMEs 30.07.19

A round table discussion of alternative financing mechanisms was held at the Agency for the Development of Small and Medium-sized Business (SMBs) of Azerbaijan.

Governmental support in the issue of financing SMEs, as well as potential opportunities for alternative financing, were discussed with the participation of the representatives of the Ministry of Finance, the Ministry of Taxes, the Financial Market Supervisory Authority (FIMSA) and the Central Bank of Azerbaijan.

The participants were presented with studies conducted as part of the project of technical assistance from the Islamic Development Bank entitled "The Development of the Legal Framework for Islamic Banking". The project is carried out by a consortium consisting of the Islamic Finance Advisory and Assurance Services (IFAAS) and Azerbaijan’s EKVITA Consulting company.

The project's main objective is to attract alternative investments and financial instruments, promote the development of banking, microfinance, securities market and insurance market, and to create conditions for the provision of new financial products and services in the local market, as well as for creating new opportunities for cooperation between companies operating in the field of finance.

Foreign experts made presentations on alternative financing mechanisms