Qabil Ashirov read more
Two memorandums of understanding (MoU) were signed today within
the framework of the International Women's Forum on Social
Entrepreneurship, Azernews reports.
The MoUs were signed between the Association for the Development
of Women's Entrepreneurship and international partners.
One of the memorandums was signed by the Chairman of the
Azerbaijani Association, Sakina Babayeva, and CEO of the WEIA,
Viktoriya Nalbandova. Another memorandum was signed by Chairperson
of the Association for the Development of Women's Entrepreneurship
Sakina Babayeva and Managing Director of Mediaost Anna
Sakina Babayeva noted that 24 [female] entrepreneurs from
Azerbaijan, Russia, and Germany are developing ideas for joint
projects in various fields of social benefit.
“These projects covered society, ecology, education, media,
culture, and other socially important topics. These projects are
based on UN Sustainable Development Goals 4 – Quality education, 7
– Affordable and clean energy, and 17 – Partnerships for the
Goals,” she said.
She added that the Women's Social Entrepreneurship Forum project
is supported by the German Ministry of Foreign Affairs within the
framework of the 'Eastern Partnership and Russia program', which
will be a great contribution to the development of economic
relations between the three countries.
Orkhan Mammadov, Chairman of the Board of the Azerbaijani Small
and Medium Business Development Agency (SMBDA), also addressed the
event. He noted in his speech that the share of women entrepreneurs
among private entrepreneurs in Azerbaijan has reached 22
According to Mammadov, 49 percent of the economically active
population of the country are women and SMBDA encourages women to
self-employment and entrepreneurship.
“With the support of the German International Cooperation
Organization (GIZ), studies were carried out in 2021 on the
development of social entrepreneurship in Azerbaijan and
recommendations have been developed,' the board chairman added.
Besides, according to him, in order to promote social
entrepreneurship, SME development centers operating in various
regions of Azerbaijan held numerous training and webinars on
'In total, about 4,000 women entrepreneurs and women who want to
start an entrepreneurial activity benefited from the training
provided by these centers in 2022,' he added.