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 took part in an international event on social entrepreneurship 28.05.21

The Small and Medium Business Development Agency (SMBDA) of the Republic of Azerbaijan was represented at the “European Social Economy Summit 2021” jointly arranged by the European Commission and the City of Mannheim Administration with the support of the German Corporation for International Cooperation (GIZ) and the Swiss Agency for Development and Cooperation (SECO).

At a panel on the topic “Social economy in the Eastern partnership countries - political changes and opportunities for cooperation”, the deputy chairman of the SMBDA Board Mehman Abbas spoke about the current situation, achievements, and prospects for the development of social entrepreneurship in Azerbaijan. It was noted that social entrepreneurship is one of the priorities on the Azerbaijani government’s agenda in terms of creating opportunities for decent employment and income of people from socially vulnerable groups, as well as their full integration into society. Social business initiatives, which are part of the entrepreneurship development policy successfully implemented in our country, provide for the further developing legislation and the necessary infrastructure in this area, expanding the range and coverage of social business support mechanisms, raising awareness in this area, and expanding knowledge and skills with involving relevant partners.

Note that the two-day “European Social Economy Summit 2021” was attended by about 3 thousand delegates from about 100 countries. The event discussed global trends and challenges of social entrepreneurship and ensured an exchange of experience of different countries.