Baku, Azerbaijan, May 14
Azerbaijan’s Agency for the Development of Small and Medium-sized Enterprises (SMEs) will expand cooperation with Small and Medium Enterprises Development Organization of Turkey (KOSGEB) in order to use its rich experience in Azerbaijan, Trend reports with reference to the agency.
Azerbaijan’s Deputy Minister of Economy Niyazi Safarov and Chairman of the Agency’s Board Orhan Mammadov met with KOSGEB Chairman Cevahir Uzkurt in Ankara. The parties discussed issues of experience exchange, expansion of relations between SMEs of both countries, and prospects of joint activities and implementation of joint projects.
The parties also informed each other in detail about their activities, support mechanisms for entrepreneurs and services rendered to them.
In conclusion, a memorandum of understanding was signed between Azerbaijan’s Agency for the Development of SMEs and KOSGEB.
During the visit, the Azerbaijani delegation also held meetings with Minister of Industry and Technology of Turkey Mustafa Varank and his deputy Cetin Ali Donmez, representatives of the Foreign Economic Relations Board of Turkey, organization “Katilim Bankciligi” and Eximbank of Turkey, and leadership of the regional office of the Islamic Development Bank. At the meetings, opportunities for cooperation in relevant areas were discussed.