A report of the World Bank "Access to finance for micro, small and medium enterprises (MSME) in Azerbaijan. Assessment of demand" (http://www.worldbank.org/content/dam/Worldbank/document/eca/azerbaijan/az-a2f-survey-presentation-eng.pdf) has been released. The author of the document is the sectoral coordinator of the World Bank Angela Prigozhina.
According to the document, more than half (51%) of the local segment of the private enterprise as the main problem they see the difficult access to finance. The tax rate of 13.8% dissatisfied entrepreneurs transportation services - 5.8%, the dominance of corruption - 2.4% (10 times more than the results of the year before).
Meanwhile, 65% of companies from this sector have a savings or current accounts and loans received only 13.5% of the companies. Most of the representatives (91.9%) of micro-businesses do not have access to commercial credit, while 7.9% - 1 credit.
In 81.9% of small businesses do not have loans at 14.8% - 1 credit, and only 3.3% - 2 or more credits.
In 72.7% of middle business is also no loans, 20% - 1 credit at 7.3% - not less than 2 credits. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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