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 TÜMKİAD sign MoU 29.01.21

The delegation of the Turkish Association of Business People and Entrepreneurs (TÜMKİAD), visiting Azerbaijan, has paid a visit to the Small and Medium Business Development Agency (SMBDA).

During the meeting held between Chairman of the Board of SMBDA Orkhan Mammadov and TÜMKİAD Chairman of the Board Ilhami Ozturk, the participants were briefed on mechanisms to support small and medium businesses, cooperation between SMBDA and relevant structures of Turkey. At the meeting, where the prospects for cooperation between SMBDA and TÜMKİAD, Orkhan Mammadov stressed that the liberated territories have great economic potential and Turkish companies have ample opportunities for participation in the reconstruction and investment in these territories. He noted that the Agency can also support the participation of Turkish investors in the projects of SMBs in Azerbaijan and the expansion of cooperation between business associations of the two countries.

In turn, TÜMKİAD Chairman of the Board Ilhami Ozturk expressed his views on opportunities for cooperation.During the meeting, a Memorandum of Understanding (MoU) on cooperation was signed between SMBDA and TÜMKİAD. The document was signed by Chairman of the Board of SMBDA Orkhan Mammadov and TÜMKİAD Chairman of the Board Ilhami Ozturk. The MoU envisages support for mutual investment of SMBs of the two countries, organization of joint events, provision of necessary coordination during mutual business visits, exchange of information and experience.

It should be noted that TÜMKİAD is an association of Turkish businessmen uniting more than 350 companies in 27 sectors of the economy.