Chairman of the SMBDA Orkhan Mammadov met with members of AmCham


December 21, Fineko/  The American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) organized its monthly members’ luncheon. Its Guest Speaker – Mr. Orkhan Mammadov, Chairman of the Management Board to the Small and Medium Business Development Agency of the Republic of Azerbaijan (SMBDA) – delivered a speech on the Government’s policy towards ensuring sustainable economic growth, the role of small and medium-sized businesses in Azerbaijan’s economic future as well as the priority areas of the Agency’s activities aimed at supporting the SME entrepreneurship in the country. The even took place with generous support of TuranBank.

Mr. Mammadov noted that, established at the initiative of President Ilham Aliyev, the Agency has inaugurated a new stage in the development of small and medium-sized businesses in Azerbaijan. He pointed out that the Agency’s mission covers the protection of the interests of micro, small and medium-sized entrepreneurs, coordinating the services provided to entrepreneurs and ensuring that they are delivered in a professional and efficient manner. Touching upon the importance of looking into best practices when implementing the strategic agenda on the development and sustainability of SMEs in Azerbaijan, Mr. Mammadov called upon an effective dialogue between the Agency and AmCham business community.

On its part, Mrs. Konul Pasha, Head of Woman Banking at TuranBank, delivered a presentation on the bank’s corporate profile, as well as ongoing and upcoming projects. In addition, Mr. Nuran Kerimov, President of AmCham Azerbaijan, presented the 2018 edition of AmCham White Paper – the key policy document of the Chamber. In doing so, he acknowledged with special awards those members of AmCham community who has made the most outstanding contribution to its preparation process. More than 150 guests attended the event, including representatives of diplomatic corps.

AmCham Azerbaijan Members’ Luncheons are organized monthly by the Chamber and feature participation of high ranked government officials, members of parliament and representatives of diplomatic corps.

The American Chamber of Commerce in Azerbaijan is a leading private, non-profit business association supporting and promoting the interests of foreign and local businesses in Azerbaijan. Established in 1996, AmCham Azerbaijan is composed of over 280 Member-Companies and Associates active in every sector of the Azerbaijani economy. AmCham Azerbaijan represents nearly 80% of all foreign investment, as well as a significant portion of local investment in Azerbaijan.