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

First SMB entity starts operating in Shusha 19.12.20

Thanks to the victory of the valiant Azerbaijani troops under the leadership of the President of Azerbaijan, Commander-in-Chief Ilham Aliyev, the first bakery and confectionery factory has been opened in the liberated from the occupation city – Shusha. The enterprise is the first business entity that began its activities in Shusha after its liberation.

Agency for Small and Medium Business Development under the Economy Ministry has provided state support for the opening of the production site owned by “Azcake" LLC. Thus, support was provided for the purchase of equipment for the production of bakery and confectionery products and the organization of the enterprise.

Bread and confectionery products are produced at the production site located near the Shusha Mosque. The facility currently employs six people. It is planned to increase production capacity, the range of products, and the number of employees in the future. Additionally, it should be noted that the bakery and confectionery products produced are provided for officers and soldiers free of charge.