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...

Success stories

Rahman Abdurahmanov, the General Director of AZZA
Azerbaijan
 | 
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...
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...