Approximately 80% of legal entities in Azerbaijan are small enterprises

From about 79 thousand legal entities (including 1,718 municipalities) about 63 thousand are small businesses, which are defined by specific criteria of the Government with regard to the number of employees and annual turnover. However, their contribution to the gross domestic product in 2011 was 2.6%.

According to the committee on the first of January this year, the majority of small businesses engaged in trade and repair of vehicles (20 700 or 32.9% of MT), Agriculture and Fisheries (8700 or 13.9%) and construction (8,400 or 13.3%).

More than half (35.3 million) of small businesses have gathered in Baku.

Note that according to the decree of the Cabinet of Ministers of 18 December 2009, "small" are considered businesses, the number of employees of which is from 10 to 50, and the annual turnover is from AZN 250 000 to AZN 1 mln (excluding VAT and excise taxes).

At the end of 2011 (as of last year, subject to change) the share of small enterprises in the non-oil sector GDP was 5%. They account for a tiny part of the proceeds of profit (0.2% overall, 3% non-oil sector) at 7.8% of the annual turnover of funds (including the non-oil sector - 15%). In small enterprises, there work 7.4% of the employees. -08B-