More than 677,000 Entrepreneurs in Azerbaijan
The State Statistics Committee of Azerbaijan counted 677,231 entrepreneurs in Azerbaijan as of January 1.
Of these, the majority (576,906) is individuals, which is 11% more than the year before. More than a third is busy repairing cars and household goods - 201,151, almost half (102,942) deal with wholesale and retail trade, while transport and storage facilities involve 72,808 people. Tourist accommodation and catering employs 34,432 physical persons registered at the tax office, the processing industry employs 15,711, and brokers and realtors are 10,998 people. In the area of ??recreation and entertainment activities there are 7,705, in construction - 4,989, in the system of administration and support services - 2,557 people. Private financial and insurance activities engage 1,462 physical persons, and abstract "other services" engage 80,413 people.
In the country there are 100,325 legal persons (+ 6.1% to 1 January of the previous year). For the year there were registered 6,266 legal entities, while 504 discontuned their activities. The balance is as follows: 9,561 companies are engaged in agriculture, with 5,799 processing enterprises and 10,641 construction companies. Moreover, in these segments there has been a steady growth of players. Most employment is recorded in wholesale and retail trade and repair of motor vehicles and other consumer goods - 25,937 entities.
The share of private enterprises accounted for 87,985 legal entities, including 5,781 foreign entities, 1,850 joint entities, 10,646 state-run entities and 1,694 municipal organizations.
In the capital there are 53,448 companies and 194,795 individual business people. --17D-
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- Economics
- 21 January 2016 14:02
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- Question-answer
- 21 January 2016 15:11
Economics
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According to data released by the State Statistics Committee, Azerbaijan’s agricultural sector achieved slight production growth in the first eight months of 2024. The total volume of agricultural production reached 8.723 billion manats, which is 0.8% higher than during the same period last year. However, this growth occurs against a backdrop of increasing food imports, despite significant government subsidies aimed at supporting domestic agriculture.
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Azerbaijan has unveiled strong fiscal indicators for the first eight months of the current year, reporting a state budget surplus that underscores the country’s economic resilience amidst global uncertainties. According to operational data released by the Ministry of Finance, state budget revenues from January to August 2024 reached 25 billion 223.4 million manats, while expenditures amounted to 22 billion 362.4 million manats.
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Azerbaijan has made significant progress in diversifying its energy balance, with renewable sources playing an increasingly important role in the country's electricity production. Operational data for January-August 2024 show that total electricity generation reached 19,235.4 million kilowatt-hours (kWh), marking a noticeable shift towards greener energy.
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Bilateral relations between Azerbaijan and Russia are accelerating, particularly in the agricultural sector, as Deputy Prime Minister Shahin Mustafayev and Russia’s Minister of Agriculture Oksana Lut underscored during their high-level meeting on September 13 in Baku.
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