The organizers of the conference, implemented with the support of the Ministry of Education, are Azerbaijan State University of Economics (UNEC), the International Eurasia Press Fund (IEPF) and the Yunus Social Business Center.
The Rector, Professor Adalat Muradov noted that UNEC's goal is to actively conduct research on the most pressing issues in the world of economy. Speaking about the work done in this direction, the rector noted that for the first time in the world , the forecast of the price for Azerbaijani oil was given in the world market, conducted by the UNEC Fund for Research with the help of the famous Russian expert on digital economy and electronic finance, and Professor Ruslan Makarov on the topic of crypto currency and electronic money.
Speaking about the topic of social business that is the center of attention, A. Muradov spoke about the peculiarities of social business as an alternative to the idea of free capitalism in society: "Here the goal of entrepreneurial activity is not the income, but the solution of problems in society. From this point of view, I can say with confidence that we, being an educational institution, in a certain sense, are engaged in social business. While providing graduates with work is a serious problem for us, Nobel Prize winner Mohammed Yunus gives us the beautiful quote "you do not look for work, but create it yourself."
Speaking about the importance of social start-ups, the rector wished graduates not to remain dependent on the employer, but to create competition. A. Muradov called graduates to provide their future themselves and involve group mates in their business projects. He said that this is only way to solve unemployment issue.
At the conference, the video of the Nobel Peace Prize laureate Muhammed Yunus was broadcasted . Wishing success to the work of the conference, the Nobel Prize winner recalled with satisfaction his visit to Azerbaijan and spoke about the meeting with the IEPF President Umud Mirzayev and the UNEC Rector, Adalat Muradov: "At the meetings we came to the conclusion that by focusing on the issue of social business, we can create the relationship which we are now successfully implementing. I am confident that the Azerbaijani government is taking appropriate steps to address the problems of people, but people themselves must be active in building their lives. This is my believe. "Mr. Yunus noted that each person is endowed with unlimited creative possibilities, which is the beginning of the idea of social business, and added that the whole world can be changed by social business.
Deputy Minister of Labor and Social Protection Metin Kerimli touched upon the question of importance of the concept of social business noted the work done by the state in this direction, and successful results. He told about the work done in the direction of applying social business on the basis of existing realities and in connection with this the achievement of positive results in the near future.
The IEPF President Umud Mirzayev spoke about the long friendship and cooperation with Mohammed Yunus and the “Yunus Center”. He noted the importance of the meeting of Mr. Yunus with the head of state and some officials during his visit to Azerbaijan: "After Mohammad Yunus’s visit to our country, the instructions of the President created the need to apply initiatives and approaches around the idea of social business." Umud Mirzayev called Muhammed Yunus the generator of the idea, and the one who is inspiring people to believe in their ideas. He spoke about the tripartite memorandum concluded between UNEC, the Yunus Social Business Center and the IEPF, which led to work in the field of research of social business and providing academic research.
Director of the ABAD Rufat Elchiyev spoke about the unique features of the ABAD model. He gave the conference participants information about the social impact of ABAD as a model, its role in attracting people to social business.
The director of the Center for International Graduate and Doctoral Studies of UNEC, associate professor Fariz Ahmedov, speaking about social business and world practice, opened interesting facts to the participants of the conference.
Executive Director of the Centre for Analysis of Economic Reforms and Communication, Vusal Gasimli noted the importance of research in the application of social business, spoke about the work in the sphere of increasing the microfinance effect.
Analyzing the geography of the export markets of the Digital Marketing Center at UNEC, A. Muradov said that he can submit proposals. Speaking about the possibilities of the newly operating center, the rector noted that when external markets are carrying out marketing via the Internet UNEC will remain out of competition.
Executive Director of the National Fund for Entrepreneurship Support Shirzad Abdullayev noted that he attaches great importance to the formation and development of community associations in the development of social business. He noted the importance of the access of these communities to financial sources.
Speakers at the conference spoke about the importance of social business, the strengthening of start-up projects, the human factor in social business, exports, the formation of economic confidence, etc. The reporters drew attention to the role of this idea in the development of economic spheres. The conference continued with discussions.
Note: After the achievements of the ideas of social business of Muhammed Yunus, in 1998 in 58 countries have already started using a similar methodology. The basis of the concept of Mohammed Yunus was the idea of creating a world where there is no poverty. At the heart of this concept is the issue of natural human rights, which can be used by the poor, not the issue of the Gross Domestic Product in the development of the economy. In other words, the concept suggested measuring the economy by income per capita of the lower strata of society. Thus, it is precisely the correct definition of the place of the HUMAN factor in real life that has played a major role in achieving the success of the concept of social business. For many years, on this initiative, such major events as "Day of Social Business" and "Global Social Business Summit" bring together world famous scientists, entrepreneurs, statesmen, representatives of civil society, young people to exchange views on the issue of successful development, learning success stories. Practically, social business is at the center of attention of America, France, Holland, China, Malaysia and other countries.