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

Meeting with Entrepreneurs in the Absheron district 02.08.24

The new initiatives and proposals were discussed with businesspeople within the framework of the meeting.

Organized by the Small and Medium Business Development Agency (KOBİA) and with the support of the Executive Authority of the Absheron District, the meeting was held with entrepreneurs operating in the area.

Participants included Mr. Orhan Mammadov, Chairman of the KOBİA Management Board, heads of relevant agency departments, Mr. Abdin Farzaliyev, head of the Absheron District Executive Authority, and over 120 SMBs operating in sectors such as agriculture, construction, food production, furniture, and alternative energy.

During the event, entrepreneurs were provided with information about government support measures and their implementation mechanisms, new challenges, the economic potential of the region, and business opportunities. It was also highlighted that government support measures would be sustained based on the proposals and initiatives put forth by entrepreneurs.

The discussion covered topics such as financing for entrepreneurial activities, land use changes, establishment of new enterprises in Karabakh, support for access to major retail chains, establish relationships with new markets, facilitating experience exchange with foreign entrepreneurs, expanding industrial zone capabilities, improving public services, creating business incubators, and developing new support mechanisms for women and young entrepreneurs.

The meeting also tackled entrepreneurs' challenges and initiatives, offering detailed responses to their questions.