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 was represented at the business webinar Azerbaijan-Gulf Cooperation Council 16.03.21

The Small and Medium Business Development Agency (SMBDA) was represented at the 2nd Azerbaijan-Gulf Cooperation Council business webinar arranged by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) under the Ministry of Economy on March 15.

Speaking at the event, the Chairman of the SMBDA Board Orkhan Mammadov underlined the need for growing activity of entrepreneurs, particularly SMBs, for the development of business partnerships between Azerbaijan and the Gulf countries. Orkhan Mammadov spoke about the Agency's ties with the relevant agencies of the Gulf countries, the signed documents for cooperation and joint events, and invited businessmen from the Gulf countries to an active business in Azerbaijan, stating that the SMBDA could provide businessmen with support in this area.

Speaking at the online meeting, the Chairman of Bahrain Chamber of Commerce and Industry Sameer Abdullah Nass said that his country was interested in the development of relations with Azerbaijan and shared his views on the new economic cooperation areas.

Azerbaijani Ambassador to Saudi Arabia Shahin Abdullayev spoke about the development of relations between the two countries and noted that such events had a positive impact on stimulating business initiatives, expanding cooperation between business circles, and building new ties.

Acting head of AZPROMO Yusif Abdullayev provided information on the organization he represents, stressing the potential for the intensive development of various sectors of the economy and that political relations between Azerbaijan and Gulf countries based on the principles of friendship created a basis for the development of the economic and trade cooperation, as well as reported the work done to strengthen the cooperation.

Along with officials, about 70 representatives of companies from both sides, engaged in construction, industry, health, pharmacology, tourism, logistics, textile, and other fields attended the online meeting, and presentations were made on the business and investment environment in Azerbaijan and the Gulf Cooperation Council member countries.