Orkhan Mammadov: KOBIA focused on practical support for small and medium businesses

Orkhan Mammadov: KOBIA focused on practical support for small and medium businesses The Small and Medium Business Development Agency (KOBIA) is focused on providing practical support to entrepreneurs.
Business
May 20, 2025 12:11
Orkhan Mammadov: KOBIA focused on practical support for small and medium businesses

The Small and Medium Business Development Agency (KOBIA) is focused on providing practical support to entrepreneurs, Orkhan Mammadov, Chairman of the Board of KOBIA, said during the 8th Plenary Meeting of the Business Council of the Conference on Interaction and Confidence-Building Measures in Asia (CICA) held in Baku.

Report quotes him as saying SME Houses are successfully operating in the country, offering services such as business registration, licensing, financial consulting, and export support based on the "one window" principle.

Mammadov noted that during Azerbaijan's chairmanship of CICA (2024–2026), the focus is on practical initiatives, particularly the SME Guide project, which provides recommendations on starting a business, obtaining financing, and accessing new markets.

"Other priorities include digitalization, the development of women's entrepreneurship, and the green economy. We encourage SMEs to adopt sustainable business practices and integrate ESG (Environmental, Social, and Governance) principles into their operations. The Baku Climate Coalition, created under Azerbaijan's chairmanship, serves as an example of promoting green business initiatives and supporting SMEs’ transition to sustainable activities," said Mammadov.

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