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

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.