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.

News/Press

The EU Business Climate Report 2017 was launched during the recent EU-Azerbaijan Business Forum on 8 June 2017. The survey aims to assess the current conditions for doing business in Azerbaijan, highlighting key reform achievements and remaining...
Over 500 representatives of business and government attended the EU-Azerbaijan Business Forum in Baku on 8 June. The forum was organised by the EU Delegation to Azerbaijan, in cooperation with the Azerbaijan Export and Investment Promotion...

Success stories

Man standing next to factory machinery
BMI LLC , a copper manufacturer in Azerbaijan, has successfully adapted its financial statements to comply with international standards, all thanks to funding from the European Union (EU) under the EU4Business Initiative, combined with support from the European Bank for Reconstruction and Development (EBRD). BMI LLC has been operating in Azerbaijan since 2005 and specialises in the production of...
By providing female farmers with training in the practical skills of crop care and running a farming business, women in Azerbaijan are leading the country’s many family farms into the black. The LIFE project works to increase the number of women in leadership roles within the farming and agricultural sectors. To accomplish this, and with the support of the European Union (EU), the project...
Turkan Panahova, a successful 22 year old hairdresser, attends to one of her many clients.
Thanks to an EU-funded course on financial management, hairdresser Turkan Panahova is now the proud owner of her own successful beauty salon. Turkan Panahova, a young hairdresser in Azerbaijan, was struggling to make her business work. Although business was good, she had trouble finding the best way to manage her money and grow the business. Thanks to a two-day EU-funded financial training course...