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

Young people are interested in innovative business 22.04.22

“The favorable business environment created in our country, various support mechanisms and services are important in terms of promoting entrepreneurship among young people. From a global perspective, the digital economy and the 4th Industrial Revolution also create opportunities for young people. Young people can create new businesses using modern technologies and innovative approaches.”

The statement came from chairman of the Small and Medium Business Development Agency (KOBİA) Orkhan Mammadov at a roundtable on youth participation in decision-making in Azerbaijan with the support of the Ministry of Youth and Sports. It was noted that one of the main goals of KOBİA is to increase the role of SMEs in the economy, in creating added value, to further increase their share of employment and exports. Young entrepreneurs can play a special role in achieving these goals. In this regard, the development of entrepreneurship among young people, business thinking are encouraged, social entrepreneurship is supported. Statistics also show that the number of young people among successful businessmen has increased, and they prefer to start a business in more innovative areas. Young people are also interested in social entrepreneurship. KOBİA will continue to support the activities of young people and young entrepreneurs through various mechanisms.