BAKU, Azerbaijan, Nov. 14
By Matanat Nasibova – Trend:
As part of a project being implemented in Azerbaijan through financial support from the Swiss State Secretariat for Economic Affairs (SECO) a women’s tailoring shop will open in Azerbaijan’s Tovuz district, Head of Azerbaijan’s Association of Women Entrepreneurs Sakina Babayeva told Trend.
The opening is planned during the first months of next year, the association head noted.
“The project is worth 120,000 manat ($70,589),” Babayeva added. “The project is being financed by the Association and SECO. Each of the parties contributes 50 percent of the financial resources. Opening of the new shop envisages creation of over 20 permanent job places.”
The association head said that earlier it was planned to open this facility closer to the end of this year.
Babayeva noted that the opening of the shop is aimed at supporting the development of women’s entrepreneurship in the regions.
According to the statistics, over 143,000 women are involved in business activities in Azerbaijan.
The Azerbaijani Association of Women Entrepreneurs was established in October 2017 through the support of Azerbaijan’s State Committee for Family, Women and Children Affairs.
SECO is the federal government center of expertise for all significant issues related to economic policy. The main objective is to ensure sustainable economic growth by regulating economic policy.
In Switzerland, SECO acts as a bridge between the business, social community and government. SECO supports the development of a balanced Swiss economy and also protects workers’ rights.
Through labor market policies, SECO helps to prevent and overcome unemployment, and therefore maintain social well-being.
SECO also assists in providing access to all markets of Swiss goods, services and investments. In the context of foreign trade policy, SECO actively promotes effective, fair and open rules of the global economy.
($1= 1.7 manat on Nov. 14)