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.

Looking for support?

News/Press

The launch of the new project on ‘Development of competiveness in key non-oil manufacturing sectors of the economy of the Republic of Azerbaijan’
A two-year project aimed at developing competiveness in key non-oil manufacturing sectors of the economy in Azerbaijan was launched on 20 September, 2017. Funded by the European Union, the project is implemented by the Latvian Chamber of Commerce...

Success stories

Craftsmen at an Azerbaijani company benefiting from EBRD advice on how to export successfully.
Ibrahim Alisoy stood at a crossroads in the fortunes of his outdoor furniture firm. There was plenty of interest from abroad for his small company’s innovative products, but he wasn’t sure how to ramp up production efficiently to begin exporting to customers thousands of miles away. So, in February this year, the co-founder and general manager of IDEA LLC in Azerbaijan turned to the Advice for...
Ruralis Tornare training.
To help boost the development of sustainable tourism in Azerbaijan and the country’s rural areas, the Ruralis Tornare project pairs local SMEs with representatives of Italy’s experienced tourism sector. Azerbaijan’s rural northwest region has all the ingredients of a tourism hotspot: great fishing, local cooking classes, horseback riding and bike tours – all at a competitive price. Although it is...
woman-led accessory and home-care products company in Azerbaijan
With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD) helped a woman-led accessory and home-care products company in Azerbaijan introduce an effective recruitment and sales system. The EBRD helped ESSE LLC, a woman-managed company distributing a wide range of women accessories and home-care products, to introduce an...