Minister: Azerbaijan's economy ministry working on improving business environment
BAKU, Azerbaijan, June 30
By Samir Ali - Trend:
Despite the fact that the economy of Azerbaijan is facing difficulties during the COVID-19 pandemic, the Ministry of Economy is working on improving the business environment, Minister of Economy Mikayil Jabbarov said, Trend reports.
Jabbarov made the statement during a press conference on June 30.
Since January 2019, reforms have been carried out in relation to labor contracts, the economy minister added.
“If, as of January 1, 2019, 539 522 labor contracts were concluded, by June 26, 2020, the number of the contracts reached 751,705. In other words, about 210,000 labor contracts were concluded during 18 months,” said Jabbarov.
The minister also noted that every three out of four manat from the taxes is coming from the private sector.
The areas affected by the pandemic have been identified, and there are a number of business projects managed by the Ministry on the provision of financial support to reduce the harm of the pandemic, he added.
In total, 130,000 entrepreneurs were provided with financial support during the pandemic period, and taking into account workers of the suffered areas – 310,000 people, Jabbarov said.