SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

A survey is conducted among foreign trade participants Awareness-raising event organized by the Electronic Security Service at KOBİA To the attention of entrepreneurs wishing to benefit from opportunities of SMB Model Enterprise! A meeting was held between KOBİA and Sumgait State University Follow-up meeting of the working group “Corporate Governance, Investments and Corporate Social Responsibility” was held A meeting was held between KOBİA and MUSAID representatives Citizen reception organized at KOBİA Another 4 micro-entrepreneurs were awarded with a "Startup" certificate B2B meetings were held between businessmen of Azerbaijan and Turkiye Representatives of the Entrepreneurship Development Fund (Damu) of Kazakhstan got familiar with KOBİA’s experience

Issues of participation of businessmen in restoration and reconstruction of the territories liberated from the occupation discussed 14.10.21

A business lunch dedicated to our victory in the Patriotic war was arranged by the Turkish-Azerbaijani Businessmen Union with the participation of the Small and Medium Business Development Agency (SMBDA). At the event attended by veterans and representatives of the business community, an exchange of views took place on the participation of businessmen in the restoration and reconstruction of Karabakh and the employment opportunities created there.

Speaking at the event, the chairman of the SMBDA Board Orkhan Mammadov stressed the importance of involving the private sector in the reconstruction of the Karabakh region and the realization of business potential. It was noted that the participation of the private sector in this process can be beneficial in terms of reducing public investment costs and attracting domestic and foreign investment through alternative and diverse financing mechanisms. Herewith, applying an innovative technological approach and effective management practices of the private sector in the restoration and reconstruction of the territories liberated from the occupation will allow improving the efficiency and quality of work and services. According to the Azerbaijani state’s development concept concerning Karabakh, the SMBDA has included investment in the liberated territories and the implementation of business projects there in the range of priority areas of its strategic program for the coming period. Currently, entrepreneurs wishing to build a business in our territories liberated from the occupation submit their business projects to the SMBDA. These projects cover trade, services, construction, industry, agriculture, education, and other areas. Along with a number of benefits for SMBs, activity in the territories liberated from occupation will create conditions for implementing important business projects aimed at realizing the economic potential of the region.