BAKU, Azerbaijan, June 24. The event of
the non-oil sector in Azerbaijan will speed up and exceed 5.5
% of GDP in 2024, the Chairman of the Azerbaijani Parliament
Committee on Financial Coverage, Business, and Entrepreneurship Tahir
Mirkishili stated through the opening ceremony of the “fifth Exhibition
for the Promotion of Native Corporations” in Baku immediately, Pattern reviews.
“On the identical time, general spending progress exceeded 3.8 %,
whereas the extent of inclusiveness – 2.7 %. The inhabitants and
the non-public sector have a positive setting for growth.
It is necessary to make sure legislative assist for the non-public sector
in Azerbaijan to keep away from errors and to have thorough information of
the competitors code. This can permit efficient operation within the
fashionable aggressive setting.
The financial coverage pursued by the pinnacle of state is aimed toward
creating favorable circumstances for the non-public sector, regardless of
current dangers. It is also necessary to remind that success relies upon
not solely on luck and the exterior setting but additionally on having a
enough legislative framework and assist,” he emphasised.
To notice, Azerbaijan’s GDP from January by means of Might 2024 grew by
4.2 % in comparison with the identical interval in 2023 – to 48 billion
manat ($28 billion).
Moreover, this determine elevated by 1.1 % final 12 months
in comparison with 2022 – to 123 billion manat ($72 billion).
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