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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

Enterprise supported by SMBDA in Oguz region has started to supply tobacco 08.07.20

With the support and services of the Small and Medium Business Development Agency (SMBDA), the first supply of products has started at a tobacco drying plant in the village of Sinjan, Oguz region. Cultivation, supply and drying of tobacco in the enterprise established on the basis of foreign investment is carried out in accordance with modern technologies.

SMBDA provided support and services to the investor in the establishment and expansion of the enterprise in Oguz region, coordination with public and private institutions, and the use of state support mechanisms for entrepreneurship. The company was also issued an investment promotion certificate, which exempts the company from 50% of income tax, property and land taxes, VAT and customs duties on imported equipment and facilities for a period of 7 years.

A Japanese investor has invested $ 2.2 million in the enterprise. At present, 26 people are employed at the enterprise.

The company plans to increase its 210-hectare tobacco farm in Gabala, Oguz and Tovuz districts to 900 hectares in the coming years, including Sheki, Zagatala, Gakh and Balakan districts.

It is also planned to hold joint trainings with SMBDA to educate tobacco farmers in the areas where the enterprise operates.

Volunteers from the Gabala-Oguz "SMEB Friend" office and the Gabala Youth Development and Career Center also took part in the first supply of tobacco products. The volunteers got acquainted with the activities of the enterprise and the product supply process and gained practical skills in this field.