Baku Business University

doktorant

Osman.elchin@gmail.com

The article will focus on the development and formation of small and medium enterprises in the liberated territories. Today, the people of Azerbaijan are living the most memorable and glorious days of history. Under the far-sighted policy and strategic leadership of the Supreme Commander-in-Chief, President Ilham Aliyev, the glorious Azerbaijani Army has given us happy days of victory by liberating Karabakh territories have longed for and occupied by our hated neighbor for nearly thirty years. At such a joyous moment, it is time to write about the economic potential of these areas and determine the direction of business development, provided that it is used effectively. Of course, the historical and cultural significance of these territories for the people of Azerbaijan far exceeds any economic values. It is gratifying to note that the liberated territories have a rich economic potential. The new economic value created based on the integration of these territories into the country's economy will often exceed all the financial costs of the Azerbaijani state for the restoration of the regions.