Azernews.Az

By Trend

The Agency for the Development of Small and Medium-sized Enterprises of Azerbaijan (KOBIA) and the International Bank of Azerbaijan (IBA) signed a protocol of intent on April 4, Trend reports with reference to the bank.

The document provides for the implementation of various activities to support SMEs. The IBA has become the first bank to sign a similar cooperation document with KOBIA.

In accordance with the protocol, KOBIA and the IBA will implement joint activities and projects aimed at further expanding relations between the public and private sectors, the implementation of innovative initiatives, support and development of startups, micro, small and medium businesses, as well as education of entrepreneurs.

This cooperation includes the participation of SMEs in exhibitions and exchange programs, support for women’s, youth and family entrepreneurship, the organization of appropriate incentive campaigns for entrepreneurs, congresses and other similar events, informing SMEs.

In addition, it is planned to implement various information and educational projects of regional importance for startups and business entities, as well as support innovative projects in the field of entrepreneurship. This will promote the application of information technologies, innovative solutions in the activities of SMEs.