SMB

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

Investment opportunities expand: the investment promotion mechanism now covers 17 strategic directions The territories liberated from occupation provide extensive opportunities for investors A blood donation campaign dedicated to Remembrance Day was held Delegation of representatives of the RIYADA organization from Oman visited “Baku SME House” Volunteer blood donation campaign will be held Entrepreneurs can apply to SME Houses to obtain licenses KOBİA representatives participated in an international seminar held in Turkey The next meeting of the permanent Coordination Group operating under KOBİA was held The next professional trainings within the framework of the “Karabakh SMEs 2026” project have been completed The provision of consulting services for entrepreneurs continues

SMBDA representatives held several meetings in Germany 12.02.20

Orkhan Mammadov, Chairman of the Board of the Small and Medium Business Development Agency (SMBDA)of the Republic of Azerbaijan, met with Achim Michel, representative of the German Federal Association of Small and Medium Enterprises (BVMW) responsible for Bavaria.

The meeting provided information about the activities of the two organizations, the support measures implemented for SMBs, and highlighted that the association is interested in cooperation with SMBDA. The sides exchanged views on organizing joint activities with the participation of SMBs, implementation of tourism and ICT projects, and experience of SMB financing.

Discussions were held on the exchange of experience in the field of clustering at the meeting with Horst Domdey, head of the "BioM Biotech" Cluster Development Center of Germany. It was reported that several concessions are planned for SMB clusters in Azerbaijan, and SMBDA is an authorized body issuing the certificate of confirmation in this area. The German side highlighted the support for clusters operating in the pharmaceutical and other fields in Bavaria. The meeting discussed the exchange of experience in providing consulting services to start-ups and the organization of study tours.