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

Entrepreneurs' sales opportunities are expanding 25.07.22

In the first half of 2022, the Small and Medium Business Development Agency (KOBİA) provided free support for the display and sale of products and services of more than 600 micro, small and medium business entities at 16 exhibitions and fairs. 80% of entrepreneurs participating in exhibitions and fairs were micro, 15% small, and 5% medium enterprises. At exhibitions and fairs SMEs presented their products and services mainly in the fields of industry, agriculture, food, textile, handicrafts and other fields of activity.

During this period, KOBİA received 59 applications for the purpose of supporting micro and small business entities to access their products to trade networks. 30 of the applications are related to food products, 27 to non-food products, and 2 to other categories of products. The agency has started selling the products of micro and small entrepreneurs by renting appropriate space in the "Sharq Bazari" complex and the "Bolmart" market. Honey and beekeeping products, flour and flour products, granola food products, soft drinks, apple cider vinegar, dried fruit, spice, handicrafts and other products of SMEs are sold here. Work is being done with other trade networks in order to support the access of SMEs to trade networks, and at the same time, applications from micro and small entrepreneurs who want to benefit from this support continue to be received.