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 to Support New Business Initiatives Promoting Legal Entrepreneurship and Formal Employment 16.04.21

Combating shadow economy, including the elimination of informal employment and the formalization of entrepreneurship, is among the key factors for sustainable economic development.

The Small and Medium Business Development Agency (SMBDA) continuously supports projects and initiatives based on the principles of transparency that promote legal entrepreneurship.

One such initiative is the recently launched Chak-Chuk startup project, which contributes to eliminating informal employment and keeping proper accounting. It should be noted that the online Chak-Chuk platform (http://www.cakcuk.az/) providing about 180 services in nine categories, including house cleaning, master services, etc., brings together performers (service providers) and customers (service users). Only those officially engaged in entrepreneurial activities can register to provide services through the platform. Online payments through the platform ensure transparent accounting.

The startup project benefits include the provision of home services on a single platform, the possibility to choose the time and service provider, track the order fulfillment progress, and evaluate the result, as well as guarantee the work result. The online platform continually offers job opportunities for job seekers in the home service industry.