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

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.