SMB

We believe Azerbaijan’s socio-economic development is closely linked with entrepreneurship and its future development!

Winners of the Startup Competition Held Within the Framework of the Islamic Development Bank Group Annual Meetings Announced HELF and AZHAB Forums Held in Baku During the 51st Annual Meetings of the Islamic Development Bank Group Startup Competition Launched Within the Framework of the IsDB Annual Meetings HELF/AZHAB Forum 2026 to Be Held Within the Framework of the IsDB Group Annual Meetings in Baku A meeting with entrepreneurs was held in the Khizi district For the attention of micro and small entrepreneurs wishing to present their products and services at the “Local Companies Promotion Exhibition!” ANNOUNCEMENT An online meeting of the Management Board of the CICA Business Council was held What is the support amount paid for conducting an internal market study and on what basis is this amount determined? The appeals of entrepreneurs from the Gazakh–Tovuz economic region were heard

184 commercial disputes were resolved positively in the mediation centre located in “Baku SMB House” 18.03.24

Entrepreneurs may apply to the mediation centre located in “Baku SMB House” to resolve commercial disputes without filing a complaint with a court.

Business entities may apply to the mediation centre located in “Baku SMB House” as part of cooperation between Small and Medium Business Development Agency (KOBIA) and Mediation Centre in order to resolve mutually and amicably the disputes arising from entrepreneurial activity without any recourse to court.

The majority of applications received by the mediation centre located in “Baku SMB House” on commercial issues in 2023 have been resolved in a positive way through mediation without taking legal action. So, an amicable adjustment was signed among parties on 184 commercial issues received by the mediation centre located in “Baku SMB House” in previous year.

Note that mediation is an alternative solution of disputes by neutral, independent and disinterested third parties until applying to the court. The mediation is also an effective solution method based on voluntary application of parties to resolve the commercial issues. The solution of business issues through mediation prevents time loss, additional expenses and spread of commercial secret.