Azerbaijan recorded 519 860 entrepreneurs with the status of an individual (14.3%) by January 1, 2015.
According to the State Statistics Committee, the most popular (191 610) activity is wholesale and retail trade, and repair of cars and household goods. In agriculture employed are 84 237 individual businessmen, in transport and storage facilities (logistics) - 70 028. A very impressive figure (69 230) is assigned to "other services" and processing industry employs 14,559 people.
Financial and insurance activities at the beginning of this year involved 1,384 individuals, real estate transactions - 9 965, administrative and support services - 2 536, construction - 4 478, tourist accommodation and catering - 30 207, wellness and leisure activities - 6 708.
In Baku, there are registered 53.4% of legal entities (50 458 from 94 563) and 34.3% of individuals (178 242 from 519 860). --17D-
Economics
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Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
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Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
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Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
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Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
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