In the first nine months of this year Azerbaijan registered 6,088 enterprises and organizations, representative offices and branches of foreign companies, which is 33.3% more than in the comparable period of 2015, the State Statistics Committee said.
The share of Baku accounts for 63.3% of the registered companies.
In addition, in January-September were registered over 83,000 individuals engaged in entrepreneurial activities without creating a legal entity. This is by 56.8% more than in the first nine months of last year.
Note that the number of enterprises and organizations registered in Azerbaijan exceeds 100,000. According to the Ministry of Taxes, the majority of them are not functioning. ----08D
Economics
-
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.
-
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.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
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.
Leave a review