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 program Karabakh SMBs” are set to extend in 2024 29.04.24

Approximately 50 SMB entities have been established and supplied with necessary equipment through the self-employment initiative under the program's framework.

Approximately 50 SMB entities have already been supplied with necessary equipment within the "Karabakh SMBs” program aimed at supporting improvement of social welfare of war participants, veterans, martyr families and ensure their employment.

It's important to highlight that the program has been implemented with the support of Small and Medium Business Development Agency (KOBİA), State - owned Employment agency under the Ministry of Labor and Social Protection of the Population and with the financial support of " Pasha Holding" since April 2023.

The program encompasses the districts of Baku, Shamakhi, Ismayilli, Sheki, and Zakatala. Participants were provided with essential topics crucial for program engagement, such as financial management, business planning, marketing, human resources management, Participants who successfully completed the business trainings and sales trainings were engaged in their chosen fields of activity, which included the production of plastic windows and doors, furniture manufacturing, sewing, hairdressing, and craft training. At the final stage of the program, participants were provided with the equipment necessary for independent work, as a result of which about 50 new SMBs were created.

"The program Karabakh SMBs” are set to extend in 2024." Further specifics regarding the application process and program stages will soon be made available to the public.