Workshop for Women Entrepreneurs
The European Bank for Reconstruction and Development (EBRD)has started the first session of a four-day workshop for women entrepreneurs who want to develop their entrepreneurial skills and understand key financial concepts to help their businesses grow. Seventeen women entrepreneurs representing various sectors of the economy attended the first session of the workshop.
“We firmly believe that women’s entrepreneurship plays an important role in creating jobs and driving economic growth. That’s why, in ourcountries of operation, we help womenentrepreneurs succeed and be more engaged in business” says Jeff Ferry, Associate Director, EBRD Advice for Small Businesses, South Caucasus and Russian Federation.
“Our workshop series is based on international best practices and the curriculum is adapted and delivered in accordance with the local needs. It promotes and support women’s entrepreneurship in Azerbaijan and more broadly women’s participation in business.”
The workshop is a part of the EBRD’s Women in Business programme,funded by European Union, Sweden and the Early Transition Countries Fund. Over €50 million will be made available from the EBRD for credit lines channelled through partner financial institutions for on-lending to women-led SMEs. This is combined with €9 million in donor funding, enabling risk mitigation funds and technical assistance to partner banks, as well as business advice, training and mentoring for women entrepreneurs.
Since starting work in Azerbaijan in 1993, the EBRD has helped over 700 enterprises access consulting know-how to help them develop and grow. The European Union has provided €3.7 million to support this work since 2003 and Swedish International Development Agency contributes 47 million Swedish Kronorto the development of women entrepreneurship in Eastern Partnership Countries.
* The EBRD, owned by 64 countries and two intergovernmental institutions, is supporting the development of market economies and democracies. Follow us on the web, Facebook and Twitter.
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review