Azernews.Az

By Kamila Aliyeva

The government of Azerbaijan is set to support women's entrepreneurship, while the first business incubation center for women will appear in the Guba-Khachmaz regional development center.

This was reflected in a report on the evaluation of the results of the measures reflected in the “Strategic Roadmap on production of consumer goods in Azerbaijan at the level of small and medium-sized enterprises" in the first half of 2017.

The relevant working group under Azerbaijan’s Economy Ministry dealing with this issue was set up on July 13, 2017.

"It is planned to support women-entrepreneurs, who work in the fields of ICT, arts and crafts, carpet weaving and other spheres," the report said.

Preparatory work to organize various seminars, conferences, roundtables and other events has already begun as part of the creation of the business incubator, according to the report. These events are scheduled for September-November of the current year.

Guba-Khachmaz regional development center has been operating since 2013 under the Baku Business Center LLC.

President Ilham Aliyev signed a decree in late 2016 endorsing “Strategic Road Maps for the National Economy and Main Economic Sectors”, which outlined the short-, medium- and long-term goals for the development of the economy and eleven key sectors.

The document comprises consolidated measures aimed at minimization of negative impacts of the global economic slowdown. It will allow to create a new development model basing on short-term (until 2020), medium-term (until 2025) and long-term measures (post 2025) to be implemented in different spheres of economy.

The strategic road maps up to 2025 and beyond cover almost all sectors of the economy, including, development of the oil and gas industry, the manufacture and processing of agricultural products, the manufacture of small and medium entrepreneurship-level consumer goods, development of heavy industry and machinery, tourism, logistics and trade, vocational education and training, financial services, communication and information technologies and utilities.

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Kamila Aliyeva is AzerNews’ staff journalist, follow her on Twitter: @Kami_Aliyeva

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