Economy

Director of Agency for Development of SMEs appointed in Azerbaijan

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Orkhan Mammadov has been appointed executive director of the Agency for Development of Small and Medium-Sized Enterprises (SMEs) under Azerbaijan’s Ministry of Economy, the ministry told Trend Feb. 28.

He served as chief advisor, deputy director and director in the Department of Entrepreneurship Development Policy and the Department of Interstate Economic Cooperation of Azerbaijan’s Ministry of Economy in 2007-2018.

In December 2017, President of Azerbaijan Ilham Aliyev decreed to create the Agency for Development of Small and Medium-Sized Enterprises under the Ministry of Economy.

According to the decree, the Agency is a public legal entity that supports the development of small and medium-sized businesses in the country, provides a range of services to the SMEs, coordinates and regulates the services of state bodies in this field.

The chairman of the Agency’s Supervisory Board is the minister of economy. The executive director manages the Agency. The minister of economy in agreement with the president appoints or dismisses the executive director of the Agency.

Also according to the decree, small and medium-sized entrepreneurship (SME) houses will operate at the ASAN Service centers. The SME houses will operate at the regional departments of the Economy Ministry in those districts of the country where the ASAN Service centers are not available. The SME houses will be controlled by the Agency for Development of Small and Medium-Sized Enterprises.

The SME houses will render a range of services, including training, consulting, information, financial and other services.

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