Bank Of Baku

New agency established in Azerbaijan on basis of KOBIA and AZPROMO - DECREE

Ilham Aliyev, President of the Republic of Azerbaijan

© APA | Ilham Aliyev, President of the Republic of Azerbaijan

# 24 February 2026 16:08 (UTC +04:00)

The management of micro, small, and medium-sized business development, as well as the promotion of investment and exports, has been improved, and certain related issues have been regulated, APA reports

The President of the Republic of Azerbaijan signed a Decree in this regard.

According to the Decree, the Small and Medium Business Development, Investment and Export Promotion Agency of the Republic of Azerbaijan under the Ministry of Economy (hereinafter – the Agency) have been established on the basis of the Small and Medium Business Development Agency of the Republic of Azerbaijan, a public legal entity under the Ministry of Economy of the Republic of Azerbaijan, and the Azerbaijan Export and Investment Promotion Agency – AZPROMO, a public legal entity.

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