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.


No upcoming events.


The kick-off meeting of Entrepreneurship for Youth
The EU last week launched a youth entrepreneurship project in Azerbaijan, aiming to strengthen capacity building and to ensure greater civil society participation in the development of the entrepreneurial eco-system. The EU-funded ‘Entrepreneurship...

Success stories

Aydin Aliyev, co-owner of Sermar
Sermar LLC is a ceramic tiles and accessories store selling leading European products in Baku, a long journey from its beginnings in the early 2000s, when it was established as a small shop selling construction materials. “At that time it was just a small store covering a 15-50 square metre area,” recalls the co-owner of the company, Aydin Aliyev .“For 12-13 years, the store operated in that way...
Rahman Abdurahmanov, the General Director of AZZA
AZZA Cake House is the most popular manufacturer of cake and confectionary products in Azerbaijan. Originally established as a clothes store in 2004, the brand subsequently branched out into the café business. Four years later, AZZA moved into confectionary, and the company has not looked back since, today boasting the largest network of cake shops in the country. “ Initially we were working as a...
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...