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 were held on alternative SMBs financing mechanisms with the Participation Banks Association of Turkey 20.11.20

Within the MUSIAD Expo 2020 in Istanbul, Chairman of the Board of the Small and Medium Business Development Agency (SMBDA) Orkhan Mammadov met with the Chairman of the Participation Banks Association of Turkey (TKBB) Metin Ozdemir.

At the meeting, it was noted that last year in Baku, within the framework of the 7th summit of the Cooperation Council of Turkic-speaking States, a Memorandum of understanding was signed between SMBDA and TKBB, providing for the exchange of experience in the field of alternative financing mechanisms and cooperation of SMBs in support of investment projects, a trilateral Protocol of intent between Ziraat Bank, Turk Exim Bank, and the Agency. During the meeting, where a detailed exchange of views on cooperation took place, alternative mechanisms for financing SMBs, the application of innovative and alternative tools for financing SMBs using the experience of TKBB, and the participation and promotion of Turkish banks in potential investment projects in the territories of Azerbaijan liberated from occupation were discussed.