BAKU, Azerbaijan, January 19. Azerbaijan’s
Small and Medium Business Development Agency (SMBDA) acquired 1,339
functions from entrepreneurs wishing to begin a enterprise on the
nation’s liberated lands, firstly of 2023, Chairman of
the SMBDA Management Board Orkhan Mammadov stated throughout a press
convention on the 2022 outcomes, Trend experiences.
According to him, a complete of 873 requests had been submitted by
native traders, 466 of them – by traders from 37 overseas
international locations.
“Among the overseas funding functions, entrepreneurs from
Türkiye, Kazakhstan, Hungary and Russia prevail. In addition, 36
% of funding bids got here from the commerce and providers sector,
27 % – from business, 26 % – from agriculture, and 11
% – from building, tourism, healthcare, schooling, and
tradition,” he stated.
Mammadov reminded that in 2022, the Business Support Center was
launched within the Aghali village of the Zangilan district to render
providers for small and medium enterprises primarily based on public-private
partnership.
Meanwhile, SMEs present employment alternatives and financial
stability to any nation, together with Azerbaijan. The position of SMEs in
the diversification of the nation is invaluable. The advantages,
being utilized from January 1, 2023, tasks to be carried out in
liberated lands are designed to make sure the secure and worthwhile
financial exercise.
