Baku: The Regulations and structure of the Agency for the Development of Small and Medium Business, Investment and Export Promotion in the Republic of Azerbaijan under the Ministry of Economy have been approved.

According to Azeri-Press News Agency, this development marks a significant step in Azerbaijan's efforts to enhance the framework for supporting small and medium enterprises (SMEs) and promoting investments and exports. The agency's approval is expected to facilitate more streamlined processes and provide a robust framework for business growth and international trade.

The newly approved structure and regulations are intended to create a conducive environment for business operations and investment opportunities. By focusing on the development of SMEs, the agency aims to boost economic activities and enhance the country's export capabilities. The agency will operate under the guidance of the Ministry of Economy, aligning its objectives with national economic strategies.

The initiative reflects Azerbaijan's commitment to fostering a dynamic business ecosystem and attracting foreign investments. The agency's role in promoting exports is also aligned with the government's strategy to diversify the economy and increase competitiveness in international markets.