SMB

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

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 Conference on "Constitution and Sovereignty – The Development of Entrepreneurship in Azerbaijan" Held

SMBDA and the Russian Export Center signed a document for cooperation 17.11.21

On November 17, the Small and Medium Business Development Agency (SMBDA) and the Russian Export Center signed a Memorandum of Understanding for cooperation. The document was signed by the Chairman of the SMBDA Board Orkhan Mammadov and Azar Talibov on behalf of the Russian Export Center. The Memorandum of Understanding provides for expanding cooperation between Azerbaijan and Russia in the field of small and medium entrepreneurship, export and industry data exchange, the arrangement of joint business missions and other events, etc.

The Memorandum of Understanding was signed as part of the Russian business mission for the development of urban infrastructure “Smart city”, arranged by the Russian Export Center. Speaking at the event, the Chairman of the SMBDA Board Orkhan Mammadov shared his views on the participation of SMBs in the “Smart city” projects and expanding ties between local and Russian SMBs. The potential for implementing joint projects based on the "Smart city" concept with the participation of Azerbaijani and Russian entrepreneurs, and especially SMBs was noted. This approach will enhance the role of SMBs in the supply chain, create new joint ventures and expand the implementation of innovative solutions. The use of the public-private partnership model in this direction can increase the efficiency of implementation and the intensity of financing such projects. The Chairman of SMBDA also provided information on the Agency’s activity and cooperation with the relevant Russian agencies in the field of SMBs. It was noted that Russian businessmen can use the SMBDA’s support and services to establish cooperation with local SMBs and develop existing ties, as well as implement joint initiatives.