#entrepreneurs
Latest news and interesting information about entrepreneurs.
New Changes to VAT Deposit Accounts
New changes to VAT deposit accounts: entrepreneurs gain ability to transfer funds to the State Social Protection Fund.
Rain sinks beach business in Azerbaijan
Rain has dealt a blow to Azerbaijan's beach business. Customer numbers have dropped sharply at Novkhany beaches.
VAT Deposit to SSIF Transfer Now Possible
Azerbaijan allows transferring funds from VAT deposit accounts to the State Social Protection Fund. Details on the new bill.
Only 1% of Entrepreneurs Use Digital Payments
In Azerbaijan, less than 1% of entrepreneurs use fully digital payments. There is great potential for digitalization in the fintech sector.
Ali Asadov approves new support rules for entrepreneurs
Azerbaijan's Cabinet of Ministers approves rules for evaluating support to micro, small, and medium enterprises. Prime Minister Ali Asadov signs the decision; Ministry of Economy to conduct assessments.
SIMA Signature brings online convenience to Birbank Business
SIMA Signature integrated with Birbank Business. Sole proprietors can register, open accounts, and manage banking online with digital signature.
Kapital Bank Continues Supporting Local Business Platforms
Kapital Bank partners with the seventh Local Companies Promotion Exhibition, supporting local business platforms and entrepreneurs.
IDB Group Startup Competition Winners Announced
IsDB Group's 5th startup competition winners announced. First prize of $5,000 awarded.
Incorrect Measurements Pose Health Risk
Xamis Seyranov warns that incorrect laboratory measurements pose health risks. Metrological services play a key role in quality assurance.
ADSEA warns about water resources
ADSEA warns: permit required for artesian wells. Learn about water conservation and regulations.
Child entrepreneurs selected in national championship
Children aged 6-17 present startup projects at MiniBoss Business School Baku national championship. 40% of 20 projects reflect national heritage.
Startup Championship Held at MiniBoss Business School
MiniBoss Business School Baku hosts national startup championship for ages 6-17. Winners and nominations detailed.
Openwave Hackathon Boosts Gov-Startup Collaboration
Openwave Hackathon enhanced collaboration between startups and government agencies. Winners awarded.
Court of Accounts Chair Proposes Transparency Reforms
Vugar Gulmammadov, Chairman of the Court of Accounts, proposes measures to enhance budget transparency and efficiency.
968 million manat allocated to 44 legal entities in 2025
News about 968 million manat allocated to 44 public legal entities from the state budget in 2025.
New agrarian program results to take shape locally
Shahmar Movsumov stated that the outcomes of the new agrarian state program will be shaped locally through collaboration of farmers and investors.
Shusha SME House served 560 in 5 months
Shusha SME House provided nearly 560 services in January-May. Most requests were about electricity, taxes, and gas.
Baku entrepreneurs allegedly scammed?
Baku entrepreneurs claim they were defrauded by a man named Elchin Rzayev. Police are investigating.
Special ID plate for autonomous vehicles
News about the introduction of a special identification plate for autonomous vehicles. Details on the plate's shape, dimensions, and purpose.
AHIK attends ILO conference in Geneva
AHIK delegation participates in the ILO annual conference in Geneva. Labor rights, safety, and cooperation discussed.
TikTok founder becomes Asia's second richest
TikTok founder Zhang Yiming overtakes Mukesh Ambani to become Asia's second richest person, with a net worth of $92.8 billion.
Expressbank launches gold-backed microcredit
Expressbank offers gold-backed microcredit for entrepreneurs. Loan up to 50,000 AZN, 36 months, 3-month grace period. Apply now!
Food Security Requires Increased Productivity
Food security depends on increasing agricultural productivity. A new state program aims to boost efficiency and output.
Serious shortage of personnel in agriculture
Jala Amirabayeva highlights personnel shortage in agriculture, calling for young people to stay in regions and focus on farming.
Good News for Entrepreneurs: Minister Reveals
Finance Minister Sahil Babayev reveals important updates for entrepreneurs: geopolitical challenges, non-oil exports, and support measures.
MP Proposes Special Coefficient for Women's Pensions
Azerbaijani MP Vugar Bayramov proposes special coefficients for women's pensions to address gender pay gap during gender equality discussions.
Daily, Monthly, Annual Tickets: New Transport System
Azerbaijan's new public transport ticket system: daily, monthly, annual passes and 90-minute free transfer.
Ameriabank secures $100m ADB loan for MSMEs and green finance
Ameriabank obtains $100 million ADB loan to boost MSME financing and green investments, with portions reserved for women entrepreneurs and environmental projects.
Agriculture desk launched in Khachmaz SME House
Ministry of Agriculture service desk opens at Khachmaz SME House in Khudat. Subsidies and support services for farmers.
WUF13: Role of SMEs in urban development discussed
At WUF13, KOBIA hosted a panel on SMEs' role in sustainable urban development, highlighting innovation and green technologies.
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