Azerbaijan and its southern neighbour Iran have discussed the implementation of joint investment projects in Azerbaijan’s liberated territories on the border with Iran. These projects will be beneficial for small and medium businesses of both countries.
The discussion took place during a meeting between Chairman of the Board of the Agency for Small and Medium Business Development Orkhan Mammadov with Iranian Ambassador to Azerbaijan Seyyed Abbas Mousavi.
During the meeting, Mammadov underlined the Agency’s intention to implement corresponding measures in accordance with the strategy determined by the state for formation of the small and medium business sector on the liberated territories.
Moreover, he briefed the participants on the activity of SMBs, state support provided for them during the coronavirus pandemic, and the Agency’s support mechanisms and social entrepreneurship initiatives.
It was noted that at present, entrepreneurs wishing to establish a business in the liberated territories submit their business projects to the Agency.
With the support of the Agency, the first business entity, which is a bakery and confectionery, has already started to operate in Shusha city.
