Within four months of this year, catering facilities in Azerbaijan gained 214.1 million manat. This is 21.3% higher than in the same period last year.
The share of the state in the nutrition sector is small - 4.7 million or 2.2%. According to the State Statistics Committee, 48.2% (AZN 105.7 million) turnover for the private sector accounts for legal entities. Individual entrepreneurs owned 51.8% of the market.
In Azerbaijan customers of cafes and restaurants are not given cash receipts or presented the bill. Therefore, the data of the State Statistics Committee of cafes and restaurants, whose number is constantly growing, cannot be accurate because they are based not on actual accounting figures, and statistical methodology. 08D
Economics
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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.
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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.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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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.
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