SMB

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

Azerbaijan–Vietnam Business Council to Be Established 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

Meeting of the subgroup on environmental, social and corporate governance standards held 30.05.23

At the meeting of the "Environmental, social and corporate governance standards" subgroup of the Commission on Business Environment and International Rankings, the work done in implementing the Road Map for 2023 on stimulating and promoting the application of ESG principles was discussed.

A meeting of the subgroup on "Environmental, social and corporate governance (ESG) standards" of the "Corporate governance, investments and corporate social responsibility" Working Group of the Commission on Business Environment and International Rankings was held.

The online meeting organized by the Small and Medium Business Development Agency (KOBİA) was attended by the representatives of the

Administration of the President of the Republic of Azerbaijan, Ministries of Economy, Ecology and Natural Resources, Labor and Social Protection of Population and Energy, Central Bank, Azerbaijan Investment Holding, as well as representatives of Center for Analysis Economic Reforms and Communication, Azerbaijan Industrial Corporation, State Oil Company, American Chamber of Commerce in Azerbaijan (AMCHAM), a number of international and local companies.

At the meeting, discussions were held on work done in implementing the Road map for 2023 on stimulating and promoting the application of ESG principles, upcoming tasks and the directions of action for the remaining part of the year, including the local legislative framework and current requirements on ESG elements, the experience of leading countries, and the measures implemented to enhance the level of knowledge and awareness in the relevant field. Recommendations were made to expand information exchange, involve stakeholders representing the private sector more actively in the process, and launch ESG initiatives using the existing platform in order to effectively organize the implementation process.