EU4BUSINESS IN AZERBAIJAN

Outside the oil sector, doing business in Azerbaijan often remains a challenge – particularly for SMEs. Although they account for over 80% of all registered companies SMEs only contribute around 3% to the country’s economy. International trade is dominated by large companies. EU4business works with the government, associations and SMEs to develop Azerbaijan’s SME sector by improving access to finance and markets, encouraging women entrepreneurs and building business skills. The EU also supports the government in the development of a more coherent policy towards SMEs allowing the country unleash the potential of SMEs for long term socio-economic development.

Events

No upcoming events.

News/Press

A joint meeting of the Working Group of the project for ‘ Supporting the implementation and monitoring of Azerbaijan's SME roadmap’ and the SBA Public-Private Working Group took place in Baku on 6 June to discuss Azerbaijan’s newly established SME...
Ready to Trade: training on product listing in Azerbaijan
A first workshop on product listing has just been held by the International Trade Centre in Azerbaijan, as part of the recently launched ‘ Ready to Trade ’ project funded by the European Union in the framework of the EU4Business initiative. The...

Success stories

It’s hard to imagine how a modern organisation was able to function without computers just a few decades ago and likely much of our office life would come to an abrupt halt if we did not have access to these vital systems now. In Azerbaijan, DiVi specialises in IT solutions for the workplace. The company supplies computer and office equipment – everything from PCs, tablets and printers to...
Eleven years ago, Farid Ismayilzada founded ‘GoldenPay’, an online payment processing service for Azerbaijan. Returning from the United States where he’d been working at the time, he spotted a business opportunity when he realised that online trading, shopping or payments were not available in his home country. “For me, it was an opportunity to set up business and as soon as I discovered it, I...
Bakhtiyar Meyvaddin Novruzbeyov
"It took me a while to realise that knowledge is indeed power. Like the knowledge that working with a bank is the best way to transform a fragile idea into a solid business," says Bakhtiyar Meyvaddin Novruzbeyov, who set up his grocery store with the help of Access Bank in Azerbaijan, the European Fund for South East Europe (EFSE), and EU4Business . “Just over ten years ago, I found myself...