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    Entrepreneurs meet in Azerbaijan’s Sheki under regional partnership dev’t project (PHOTO)

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    By Farid Zohrabov

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    Entrepreneurs meet in Azerbaijan's Sheki under regional partnership dev't project (PHOTO)

    BAKU, Azerbaijan, September 30.​ Azerbaijan’s
    Sheki hosted a meeting with entrepreneurs within the framework of
    the “Regional Partnership Development” project, Trend reports.

    The event was organized by the Small and Medium Business
    Development Agency (KOBIA) and Marsol Group, with the support of
    Sheki City Executive Authority and the National Association of
    Entrepreneurs (ICMA).

    Over 50 entrepreneurs from various fields like food,
    agriculture, tourism, ICT, and construction gathered under one roof
    for the meeting. Business owners were informed about access to
    financial resources and existing state support mechanisms. The
    event also aimed to expand business relations between entrepreneurs
    from the capital and the regions.

    Sheki City Executive Authority Head Elkhan Usubov, KOBIA
    Chairman Orkhan Mammadov, and Marsol Group Founder and ICMA
    Chairman Tural Mustafayev addressed the participants. They
    highlighted the support available to businesses, including
    concessional loans, subsidies, new financing instruments,
    alternative funding tools, and opportunities for cooperation among
    enterprises. Speakers also stressed the strong economic potential
    of the region, particularly in agriculture, industry, and tourism.
    Traditional fields such as sericulture, viticulture, and fruit
    growing are now reinforced by modern agro-technologies and
    processing industries, while the district’s cultural heritage
    strengthens its position as a leading tourism destination.

    The meeting pointed out that with infrastructure projects and
    government backing, Sheki is becoming a hotbed for investors, while
    fresh enterprises sprouting from state-supported initiatives are
    giving a much-needed boost to job growth.

    Speakers further recommended that local entrepreneurs expand
    cooperation with businesspeople from Baku, study the needs of
    domestic markets more closely, fully utilize the opportunities of
    the digital economy, and make greater use of available state
    support mechanisms.

    In the course of the assembly, business innovators articulated
    their strategic propositions and highlighted critical challenges
    pertaining to the procurement of capital assets, regulatory
    compliance for licensing, importation dynamics of fertilizers,
    global supply chain logistics, enhancement of regional educational
    infrastructures, and the intricacies of tax governance. Authorities
    disseminated elucidations on statutory mandates and accessible
    facilitation mechanisms while addressing inquiries from
    stakeholders.

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