...

Azerbaijan plans to raise SMEs' share in non-oil GDP by 2025

Business Materials 1 March 2021 15:43 (UTC +04:00)
Azerbaijan plans to raise SMEs' share in non-oil GDP by 2025

BAKU, Azerbaijan, March 1

By Fidan Babayeva – Trend:

The share of micro, small and medium-sized businesses (SMEs) in Azerbaijan's non-oil GDP is planned to be increased to 60 percent by 2025, Trend reports citing the annual report of the Small and Medium Business Development Agency (SME) of Azerbaijan.

As the agency noted, one of the important tasks for the current year is the development of entrepreneurship in the country, strengthening its role in the country's economy.

"Supporting the development of SMEs, increasing their competitiveness, facilitating access to markets, organizing successful regulation in this area are the priorities of the Agency for the Development of SMEs," the report reads.

Earlier on March 1, a briefing on the results of the 2020 activities of the Small and Medium-Sized Businesses Development Agency took place.

Tags:
Latest

Latest