Recently, President Ilham Aliyev has given his approval for Azerbaijan's Competition Code, slated to come into effect on July 1, 2024. The legislation, adopted in parliament last December, is expected to usher in financial sanctions for violations of competition legislation. The new code is poised to dismantle barriers to market entry, paving the way for the development of micro, small, and medium-sized businesses. Authorities anticipate t...

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