(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 23. Small and medium
businesses rapidly develop and grow in Azerbaijan, Board Chairman
of Small and Medium Business Development Agency (SMBDA) Orkhan
Mammadov said during the event on 'Heydar Aliyev's role in the
formation of the competitive economy', trend reports.
According to Mammadov, since the 1990s, comprehensive reforms
have been carried out in Azerbaijan, the first business development
documents were adopted, and a number of incentive mechanisms have
been created to support SMEs.
'In recent years, the approved documents relating to economic
development have reflected such provisions as further strengthening
the role of entrepreneurs in the formation of a competitive
economy,” he noted.
“Currently, our agency provides financial support micro, small
and medium-sized enterprises to conduct domestic market research,
implement educational, scientific, research and other projects, and
free participation in exhibitions in order to expand sales
opportunities. Besides, we provide free training and consulting
services,' the board chairman added.
The SMBDA was established under the Decree of the President of
the Republic of Azerbaijan Ilham Aliyev dated December 28,
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.
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