SMB

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

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

Baku SMB Development Center and NBFIs to cooperate 26.10.20

To improve financial literacy and access to financial resources of micro, small, and medium-sized business entities, Baku SMB Development Center under the Small and Medium Business Development Agency of the Republic of Azerbaijan held an online meeting with non-bank financial institutions (NBFIs). At the event, access of SMB entities to financial resources, financial instruments applied for SMBs and the options for their use, modern requirements for credit applications, etc. were discussed.

At the online event, information was given about the services provided free of charge by SMB development centers, which are part of the structure of SMBDA to improve access to financial resources of SMBs. Also, it was noted that the training sessions and seminars held at the Centers, support in business plan development, counseling, networking, and other services are useful in improving the financial literacy and expanding access to financial resources.

The services provided at the SMB development centers operating in Baku, Sumgait, and other regions will facilitate the work of credit organizations along with SMBs and support the growth of sustainable, development-oriented entrepreneurship services across the country. At the meeting, along with banks, NBFIs were invited to cooperate closely with the SMB development centers.