According to the State Statistics Committee of Azerbaijan, in retail trade turnover in 2013 large and medium-sized enterprises had 8.2%, small enterprises - 3.7%, and individuals - 88.1% .
Moreover, among the traders there was no monopolization, said the report of local Pasha Bank, which took over the functions of the national management consulting. In its study on the basis of the international specialized company AT Kearney it is said that five of the largest market participants in trade for food account for only 5% of the retail sales.
"A large number of participants and a very low share of the major players in the total turnover are inherent in the retail market, which is at the stage of formation. In principle, the development of small market players should leave it with an increase in the proportion of hyper players," the report says, mentioning the fact that in France the same 96% of the retail trade in food is held at the super and hypermarkets. In Germany the figure is at 80%, and in Turkey - 60%.
According to the study, the retail sector in Baku has about 100 large stores that offer more than 20 000 names of products. --17D-
Economics
-
The Agency for the Development of Small and Medium-Sized Businesses (KOBIA), in collaboration with the Ministries of Economy and Ecology and Natural Resources, organized a conference today in Baku focusing on the role of small and medium-sized enterprises (SMEs) in advancing the green economy.
-
Under the golden September sun, the Third Grape and Wine Festival took place in Shamakhi, in the village of Meysari on September 7-8, 2024, drawing wine enthusiasts and tourists alike to celebrate Azerbaijan’s ancient winemaking traditions. Organized by the State Agency for Tourism, the festival highlighted the country’s efforts to rejuvenate its viticulture industry, with a focus on boosting local production and expanding export opportunities.
-
Azerbaijan has spent over $1.6 billion on large-scale infrastructure projects, including the Crystal Hall for Eurovision, the Olympic Stadium in Baku, and the Shahdag ski resort. But according to Fikret Mamedov, a graduate of London Business School and director of Sage Solutions, this spending has not provided long-term benefits for the country’s economy.
-
The outcome of the 44-day Second Karabakh War in 2020 has significantly reshaped the ranking of foreign direct investment (FDI) into Azerbaijan's economy, economist Gubad Ibadoglu said in an article. Recent data show a notable rise in investments from Russia, Turkey, and China, particularly targeting the liberated territories. However, Western investments have remained limited, as barriers such as monopolies, a lack of judicial independence, and the government's classification of states as "friendly" or "unfriendly" have dampened interest.
Leave a review