Orkhan Mammadov: Initiatives to support business environment in Azerbaijan welcomed by foreign companies

Initiatives to support the business environment in Azerbaijan are welcomed by local and foreign companies operating in the country, Chairman of the Board of the Small and Medium Business Development Agency (KOBIA) Orkhan Mammadov said at the Small and Medium Enterprises World Forum in Baku, Report informs.

“It is no coincidence that in last year’s report 'Business Environment in Azerbaijan - 2021', prepared with the support of the European Union, KOBIA entered the TOP 5 based on the results of a survey assessing the attitude of European companies to ongoing local reforms and the activities of structures,” Mammadov said.

He noted that KOBIA successfully cooperates with the relevant structures and organizations of partner countries: “We have two main goals: expanding institutional cooperation, supporting the establishment of direct contacts between local business entities and potential foreign partners. The memoranda signed with the relevant structures reflect the following issues such as the implementation of initiatives of mutual interest, the organization of business missions and the exchange of best practices.”

The Small and Medium Enterprises World Forum is being held in Baku with the support of the Ministry of Economy, KOBIA and the International Council for Small Business (ICSB).