Entrepreneurs were rewarded

"Dayag" award was presented by KOBIA to 14 business entities selected for their activities in 2023.
Taking into account the contribution of entrepreneurs to the country's economy, "Dayag" award has been presented to representatives of the private sector for 2 years. The purpose of the "Dayag" award, founded by the Small and Medium Business Development Agency (KOBIA), is to reward companies that apply innovative and modern approaches in their business and produce export-oriented products and services, as well as to bring the successes of entrepreneurs to the attention of the public, to promote business thinking. , is to further strengthen the relationship between the public and private sectors. The "Dayag" award, which has a symbolic meaning, is also an indicator that the state is always with entrepreneurs.
An event was held on December 28 with the support of the Ministry of Economy and the organization of KOBIA to present the 2023 "Dayag" award to entrepreneurs. The event, which was held with the participation of representatives of state institutions, MPs, entrepreneurs, representatives of international organizations, began with the singing of the national anthem of the Republic of Azerbaijan and a minute's silence in memory of our martyrs who died for our territorial integrity.
Minister of Labor and Social Protection of the Population Sahil Babayev, Deputy Minister of Economy Sahib Mammadov, Chairman of the Management Board of KOBIA Orkhan Mammadov, Deputy of the Milli Majlis, Chairman of the Economic Policy, Industry and Entrepreneurship Committee Tahir Mirkishili and President of the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan Mammad attended the event. Musayev spoke. In the speeches, the successes achieved in the socio-economic field in the private sector in our country during 2023, the role of entrepreneurs in ensuring employment, and innovations in the field of economy and entrepreneurship in the coming years were reported.
At the event, 14 successful entrepreneurs in 2023 were presented with the "Dayag" award in various nominations by the heads of state institutions. Entrepreneurs are active under the brands "Successful manufacturer", "Disability is not a limitation", "Tourism", "Active foreign company", "Active exporting company", "Clean environment and green growth", "Successful farmer", "Made in Azerbaijan" marketing activity, "Young entrepreneur", "Successful female entrepreneur", "Successful business in promotion of creative industry", "Successful business education project for children" and successful business activity in liberated territories were awarded in the nominations.
Also, the Ministry of Labor and Social Protection of the Population was awarded by KOBIA in the nominations "Effective support of Karabakh SMEs", and the State Customs Committee was awarded in the nominations "Effective organization of G2B services".
Within the framework of the event, grant awards were presented to 19 winners of the 4th grant competition announced by KOBIA in order to finance the projects of SMEs in the fields of education, science, research and support.
The event ended with a cultural program.
The event was held with the support of "Kapital Bank", Association of Small and Medium Business Entities and Clubs (KOBSKA), "Development Corporation", "Green Stream" and "BEK Gererator".
Note: entrepreneurs, who are the locomotive of economic development, have a great role in ensuring stable and sustainable economic development and employment. Currently, the share of the private sector in GDP in Azerbaijan is close to 86%, and 78% in employment. As in most countries, the absolute majority of businesses operating in Azerbaijan - 99.6% - are micro, small and medium business entities. Over the past 5 years since the introduction of the new criteria for the distribution of SMEs, as well as the start of KOBIA in 2018, the number of SMEs has increased by more than 54% to 378,000. During this period, the share of SMEs in non-oil GDP increased from 23.5% to 27.2%.