Azerbaijan Business Center:
Yesterday within the framework of Greece-Azerbaijan business forum the Azerbaijan Franchise Association has signed an agreement of cooperation with Greece Franchise Association.
AFA reports that the agreement from Azerbaijan side was signed by the chairman of the board of Azerbaijan Franchise Association Elshan Musayev and from Hellenic side by director general of Franchise Association of Greece Sotiris Yanakakis.
The agreement says of studying franchising experience in Azerbaijan and Greece, effective development and distribution of franchising, contribution to adaptation of foreign franchise systems to the conditions of the local markets, information exchange about the theory and experience of franchising.
The AFA was established on February 2007. In September 2007 AFA signed an agreement on cooperation with Baltic Franchise Association and in November 2007 with Turkish Franchise Association. AFA also cooperates with Russian, Ukrainian, and German Franchise Associations. Its main goal is creating Azerbaijan’s own brands and developing small and medium entrepreneurship by using franchising. Now Association works on bringing new brands from other foreign countries.