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

Digitalizing SMBs has been discussed 10.06.21

The first meeting of the Working Group created to implement the Economic Cooperation and Development Organization’s (OECD) “Promoting digitalization of SMBs in Azerbaijan” project was held, arranged by the Small and Medium Business Development Agency (SMBDA).

The online meeting was attended by representatives of government agencies and organizations involved in developing and implementing the small and medium business digitalization policy in Azerbaijan, the European Union office in Azerbaijan, and the OECD, as well as international experts and specialists.

Along with the SMBDA, representatives of the Ministries of Economy, Agriculture, Transport, Communications, and High Technologies, the Central Bank of Azerbaijan, the State Agency for Public Service and Social Innovations, the State Statistics Committee, and the National Confederation of Entrepreneurs (Employers) spoke at the webinar about their organizations’ strategic action programs for digitalizing SMBs, the measures taken, and challenges in this area. At the event, international experts made presentations on the best practices and approaches in supporting the digital transformation of SMBs. The online event has ended with discussions and a Q&A session.

The “Promoting digitalization of SMBs in Azerbaijan” project is being implemented by the Ministry of Economy and SMBDA with the financial support of the European Union as part of the OECD’s “EU4Businsess” initiative. The project is aimed at promoting the digital transformation of SMBs in Azerbaijan to raise SMB competitiveness. Based on the project outcome, recommendations will be prepared for measures to be taken in Azerbaijan, considering the experience of the OECD countries.