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 to expand the scope of services provided to entrepreneurs in the regions 04.03.21

On March 4, a final conference on the European Union-funded ‘Accelerating Development of Sustainable Microenterprises in Azerbaijani Regions’ project was held, arranged by the Azerbaijan Microfinance Association (AMFA).

At the event, the Chairman of the Board of the Small and Medium Business Development Agency (SMBDA) Orkhan Mammadov has informed about the support and services provided by the Agency to businesses in the regions and underlined that the scope of support mechanisms will expand. He has noted that micro and small enterprises make up the overwhelming majority of business entities operating in our country, especially in the regions. The successful micro and small business activities in the regions play an important role in ensuring the welfare and employment of the local population. The main Agency’s priorities in this area are ensuring the development of micro and small businesses, especially in the regions, as well as expanding the knowledge and skills of entrepreneurs and their access to financial resources and markets. The Agency provides local support and services to entrepreneurs through SMB houses, SMB development centers, and the SMB Friend network operating in the regions. Measures are being taken to expand the scope of the Agency's support mechanisms in the regions.

Orkhan Mammadov also noted that as part of the ‘Accelerating Development of Sustainable Microenterprises in Azerbaijani Regions’ project, the Agency arranged training and financing micro-entrepreneurs in cooperation with SME development centers.