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

The German-Azerbaijani joint program to improve the skills of managers continues in online format 20.08.20

The German-Azerbaijani Joint Program for Professional Development of Managers in the Azerbaijani Business Community, co-ordinated by the Small and Medium Business Development Agency (SMBDA) in Azerbaijan and the German Society for International Cooperation (GIZ) in Germany, continues online due to the coronavirus (COVID-19) pandemic is made.

Online trainings have been launched under the program since August 17. 12 entrepreneurs and managers from Azerbaijan are participating in the trainings.

The program, implemented in 2009 based on the Memorandum of Understanding signed between the Ministry of Economy of the Republic of Azerbaijan and the Federal Ministry of Economy and Energy of Germany, aims to increase the knowledge and skills of Azerbaijani entrepreneurs in international business. So far, 442 entrepreneurs and managers operating in various sectors of the economy have received free training courses and internships at German training centers and enterprises, as well as gained international experience and expanded business contacts. From February 17 to March 13, 2020, a group of 20 people underwent training and internships at relevant production facilities in Munich, Germany. The next group was scheduled to take a refresher course in Germany in June 2020. However, due to the pandemic, the organization of advanced training in Germany has been temporarily suspended.