Women entrepreneurs make up 22% of private businesspersons in Azerbaijan - Business d'Or

 

Two Memorandums of Understanding (MoUs) were signed today as part of the International Women’s Forum on Social Entrepreneurship.

Memorandum of Understanding between the Women’s Entrepreneurship Development Association and its international partners.

One of the memorandums was signed by Azerbaijan Association President Sakina Babayeva and WEIA Secretary General Victoria Nalbandova.

Another memorandum was signed by Sakina Babayeva, President of the Women’s Entrepreneurship Development Association, and Anna Leonenko, Managing Director of Mediaost.

Sakina Babayeva noted that 24 [female] entrepreneurs from Azerbaijan, Russia and Germany are developing ideas for joint projects in various fields of public interest.

“These projects covered society, ecology, education, media, culture, and other socially important topics.

These projects are based on UN Sustainable Development Goals 4 — Quality education, 7 — Affordable and clean energy, and 17 — Partnerships for the Goals,” she said.

She added that the Women’s Social Entrepreneurship Forum project is supported by the German Ministry of Foreign Affairs within the framework of the “Eastern Partnership and Russia program”, which will be a great contribution to the development of economic relations between the three countries.

Orkhan Mammadov, Chairman of the Board of the Azerbaijani Small and Medium Business Development Agency (SMBDA), also addressed the event. He noted in his speech that the share of women entrepreneurs among private entrepreneurs in Azerbaijan has reached 22 percent.

According to Mammadov, 49% of the working population is women and SMBDA encourages women to become self-employed and entrepreneurs.

“A study on the development of social entrepreneurship in Azerbaijan in 2021 with the support of the German International Cooperation Organization (GIZ) was conducted and recommendations were developed,” added the Chairman of the Board.

Also, according to him, to promote social entrepreneurship, the Small Business Development Centers operating in different regions of Azerbaijan have conducted numerous trainings and webinars on related topics.

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Source: Women entrepreneurs make up 22% of private businesspersons in Azerbaijan

Originally published at https://businessdor.com on February 9, 2023.