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

Enterprise in Hajigabul producing protein and organic fertilizer from waste launches operation 27.02.23

"Provive" LLC, company producing protein and organic fertilizer from waste, has started operating in Hajigabul Industrial District.

Orkhan Mammadov, the Chairman of the Board of the Small and Medium Business Development Agency (KOBİA), Elshad Nuriyev, the Chairman of the Board of the Economic Zones Development Agency (EZDA), and Rustam Khalilov, the head of the Hajigabul District Executive Power, paid a visit to the activities of the enterprise.

It is worth highlighting that the enterprise will produce protein (of animal origin) and organic fertilizer "Zoohumus" from food waste using the larvae of the "Black soldier fly" by applying innovative technology. This will prevent waste disposal, giving them a second life, reducing volume of harmful waste released into the atmosphere, resulting in environmentally friendly, natural and protein-rich products. Nearly 20 people will be employed in the enterprise with an investment volume of 2.3 million manats. At the moment, the production capacity of the enterprise is 15 tons per month, and it is planned to raise this volume to 30 tons in the upcoming years. The enterprise is operating on an area of 1 hectare. In February 2020, "Provive" LLC was granted the residency status of the Hajigabul Industrial Quarter under the management of EZDA. KOBİA also supported the enterprise.