Azerbaijan has entered a new stage in the development of its business support and investment promotion system with the launch of the Agency for the Development of Small and Medium Businesses, Investment and Export Promotion under the Ministry of Economy. The new institution brings together the functions previously carried out by the Small and Medium Business Development Agency, KOBIA, and the Export and Investment Promotion Agency, AZPROMO. The reform creates a single institutional platform covering three closely connected areas of economic activity: entrepreneurship, investment and exports.