(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 18. Chairman of the
Board of the Azerbaijani Small and Medium Business Development
Agency (SMBDA) Orkhan Mammadov, who is on a visit to Hungary as
part of the Azerbaijani delegation, held meetings at the Hungarian
Export Promotion Agency (HEPA) and the Chamber of Commerce and
Industry of this country, SMBDA told trend .
According to the agency, at the meeting with the Director of
Western Balkans Projects at HEPA Gabor Jenei, an exchange of views
was held on the possibilities of cooperation between Azerbaijani
and Hungarian business circles, in particular, measures to
coordinate SME houses.
At a meeting held at the Hungarian Chamber of Commerce and
Industry, prospects for cooperation with SMBDA to support
businessmen in trade operations were discussed.
During the visit, Mammadov took part in the 9th meeting of the
Joint Commission on Economic Cooperation between the governments of
the Republic of Azerbaijan and Hungary and at the
Hungarian-Azerbaijani business forum.
Speaking at the meeting of the commission, the board chairman
informed about the activities of SMBDA and the current state of its
cooperation with the relevant structures of Hungary.
At the Hungarian-Azerbaijani business forum, he shared his views
on the possibilities of cooperation between the business circles of
both countries, emphasizing the readiness of SMBDA to carry out the
necessary coordination between the SMEs of both countries.
Speaking about the support and services of SMBDA, Mammadov noted
the readiness of the agency to share its experience with
Hungary.
He also noted that the liberated territories of Azerbaijan have
promising opportunities for foreign companies. Among the appeals of
foreign companies wishing to build a business and invest in these
territories, Hungarian companies also have one of the key
places.
SMBDA is ready to provide support to investors wishing to invest
in the liberated territories of Azerbaijan, the board chairman
added.
The Azerbaijan-Hungary Business Forum took place on February 17
in Budapest during the 9th meeting of the Joint Commission on
Economic Cooperation.
The business forum was attended by 87 companies, out of which 26
were from Azerbaijan and 61 companies – from Hungary.
The SMBDA was established under the Decree of the President of
the Republic of Azerbaijan dated 28 December 2017. The agency's
objective is to support micro, small, and medium businesses
development in the country, strengthen the role of small and medium
businesses in the national economy, increase their competitiveness
and contribution to the national development indicators,
participate in the protection of SMEs interests and problems
resolution, facilitate SMEs institutional support mechanisms,
coordinate activities of government agencies and private
institutions in this area.
The agency provides a government-to-business and
business-to-business platform that performs coordinating,
supervision, monitoring, and evaluation functions.
