The Agency for Development of Small and Medium-Sized Enterprises (SMEs) at Azerbaijan’s Economy Ministry and the Azerbaijan National Confederation of Entrepreneurs (Employers) Organizations have signed a memorandum of understanding on cooperation, the ministry said in a message Nov. 2.
The memorandum was signed as part of the international business forum in Baku dedicated to the development of SMEs in the Black Sea region.
The document was signed by Chairman of the Board of Azerbaijan’s Agency for Development of SMEs Orkhan Mammadov and President of the Azerbaijan National Confederation of Entrepreneurs (Employers) Organizations Mammad Musayev.
According to the memorandum, the agency and the confederation will cooperate in such areas as the expansion of practical ties between government bodies and the private sector, the organization of joint programs in this direction, the formation of entrepreneurial ideas among young people, the implementation of initiatives, the study of potential trends in the development of entrepreneurs, etc.