The State Committee on Statistics pubished data on the number of business organizations with legal status. As of January 1 this year, the Ministry of Taxes registered 94 563 such organizations (+ 9.9% per year). For the fiscal cycle, they recorded 9 130 entities, while 527 discontinued their operations.
The view is as follows: 9 252 enterprises are employed in agricultural industry (+ 2.4%), 5 583 - in processing industry (+ 3.7%), and 10 206 (+ 9.4% ) - in construction.
Most of all there are wholesale and retail trade outlets and enterprises involved in repair of motor vehicles and household goods (24 890 or + 6.6%), while the other groups are as follows: financial and insurance activities - 1 509 (+ 6%), real estate - 1 011 (+ 16.6%), administrative and support services - 3 429 (+ 10%), information and communications - 2 142 (+ 11.8%), health and leisure activities - 1 465 (+ 5.5%), etc.
Private enterprises are 82,370 of the legal entities (87.1%), entrepreneurs with foreign capital are 5 429, joint ventures are 1 754, state-owned enterprises are 10 540, and municipal businesses are 1 653. --17D-
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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