SMB

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

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

Discussions held to study the impact of the coronavirus on the tourism sector 27.03.20

Discussions were held with businesses in the tourism sector to evaluate the impact of the coronavirus (COVID-19) pandemic on this field. The Ministry of Economy organized a video conference with the participation of the representatives of the Ministry of Taxes, Small and Medium Business Development and State Tourism Agencies, the State Employment Service, National Confederation of Entrepreneurs (Employers). The video conference highlighted that tourism was also affected by the negative impacts of the coronavirus pandemic. The entrepreneurs faced losses because of reduction of the flow of domestic and foreign tourists, cancellation of the pre-booked tours and hotel reservations, and postponement of various events; and discussed ways to minimize these impacts and made proposals.

Entrepreneurs were informed about the undertaken actions to minimize the impact of coronavirus infection on the private sector, including tourism, and the areas of the planned measures and relevant proposals.

Discussions carried out with entrepreneurs, emphasized the importance of further increasing the social responsibility of the private sector in the current situation in this regard, and recommended entrepreneurs to avoid layoffs, employee cutbacks, and show corporate social responsibility and public solidarity.