The Tax Code provides for a number of tax benefits for SME cluster companies and SME cluster participants.

APA-Economics reports that this was stated by the Chairman of the Board of KOBIA Orkhan Mammadov speaking at the conference of the Black Sea Trade and Development Bank (BSTDB) on "The role of supporting the diversified and innovative Azerbaijani economy in a changing world."

According to him, work is underway to complete the regulatory framework for the application of this model.

"In general, the formation of SME clusters will stimulate more intensive and sustainable economic development and a significant expansion of employment opportunities, as well as increase the complexity of the economy by creating high added value. , - said Orkhan Mammadov.