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

Nearly 70 SMBs benefit from state support mechanisms for expanding sales prospects in January-September 31.10.23

SMBs are given the opportunity to benefit from the support tools for access to exhibitions and trade networks provided by KOBİA to facilitate the expansion of sales prospects.

In January-September 2023, some 70 micro, small and medium businesses benefited from the state support mechanisms for expanding the sales prospects of SMBs provided by the Small and Medium Business Development Agency (KOBİA).

In this period, the Agency received 168 applications from SMBs to harness the support mechanism for involvement in exhibitions. Of these, 60 SMBs that met the relevant requirements had the opportunity to participate free of charge in 6 exhibitions held in Azerbaijan and abroad (1 international and 5 domestic fairs). SMBs seeking to promote their products and services and expand their sales prospects by taking part in specialized exhibitions and fairs held with the support and organization of KOBİA in Azerbaijan and abroad are encouraged to apply to KOBİA by filling out the appropriate electronic application form: https://bit.ly/3KA0f1N

In January-September of this year, support was provided to 8 SMBs complying with the relevant rules based on the applications received by the Agency to benefit from the state support mechanism for access to trade networks. In this period, the number of sales points under the support mechanism for access to trade networks was increased to 5. Micro and small businesses are offered to apply to KOBİA to organize the sale of their products on favourable terms in large trade networks: https://bit.ly/3OOjF5F