Success stories

Bakhtiyar Meyvaddin Novruzbeyov
"It took me a while to realise that knowledge is indeed power. Like the knowledge that working with a bank is the best way to transform a fragile idea into a solid business," says Bakhtiyar Meyvaddin Novruzbeyov, who set up his grocery store with the help of Access Bank in Azerbaijan, the European Fund for South East Europe (EFSE), and EU4Business . “Just over ten years ago, I found myself...
Fuad Mammadali Aliyev
“For a long time, going into business on my own seemed like an impossible dream, but sometimes you get lucky and you find someone who shares the dream with you and helps to make it come true.” That’s how it all began for Fuad Mammadali Aliyev, with the help of Access Bank, the European Fund for South East Europe (EFSE), and EU4Business . Just over fifteen years ago Aliyev gave up his job as a...
Rizvan Garayev
“When they left the business to me, I don’t think my parents ever imagined that their little café would ever change. [...] however, they planted the seed of entrepreneurship in me. And some good common sense to find the right (financial) partner,” says Rizvan Garayev, who transformed the café he in herited in Baku into a chain of bakeries and restaurants, with the help of Access Bank, the...
Serxan Dadasov Serdar
“It’s one thing to see a market for something and quite another to figure out how you are going to satisfy it. And still another to make the whole thing happen. Once you’ve got the first two taken care of, leave it to Access Bank to find a solution," says Serxan Dadasov Serdar, whose retail clothing business benefitted from support made available under the European Fund for South East Europe (...
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...
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...
Man at poultry farm.
With funding from the European Union under the EU4Business Initiative, the European Bank for Reconstruction and Development (EBRD) helped an Azerbaijan-based poultry company get financing to expand operations. The EBRD helped Nabran-Qusculuq LLC, a poultry breeding company in Azerbaijan to develop a qualified business plan and to receive financing from the EBRD partner bank. Within a year of...
Rural tourism entrepreneurs in Azerbaijan’s Northwest are reaping the rewards of cooperation with Italy’s experienced tourism sector. The EU initiative, Ruralis Tornare , roughly translated as ‘returning to rural’, recognises the potential for growth in rural- and eco-tourism in Azerbaijan. Effective digital marketing, competitive prices, local products and tailored services such as fishing,...
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...
female farmer
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...