The next meeting of the Supervisory Board of the Small and Medium Business Development Agency (SMBDA ) was held.

The meeting, chaired by the Chairman of the Supervisory Board, Minister of Economy Mikayıl Jabbarov, featured presentations on SMBDA 's activities in 2024, the priority development directions set for 2025, and other agenda items.   

Chairman of the Board of SMBDA, Orkhan Mammadov, provided information on the support measures implemented for SME development during the reporting period. This included efforts to enhance entrepreneurs' knowledge and skills, expand their access to financial resources and sales markets, and protect SME interests. Additionally, he highlighted plans to introduce new incentive tools for entrepreneurs, develop and digitalize service infrastructure, and align initiatives with modern challenges and progressive international practices.

At the meeting, the opinions of the members of the Supervisory Board on the mentioned directions and other issues were heard, discussions were held, relevant decisions were made. “Caspian Energy Media” reports, citing the Ministry of Economy.