EU Business Climate Report Azerbaijan 2024
The “EU Business Climate Report Azerbaijan 2024” is the seventh edition of a regular study conducted in Azerbaijan since 2016 as part of the “EU-Azerbaijan Business Forum,” funded by the European Union (EU).
For the 2024-2026 period, the project is being implemented by VM EUROPE in partnership with Business Chambers and InvestBaku.
The 2024 edition focuses on key topics for the private sector, such as Azerbaijan’s economic development, sector-specific business environment insights, investment climate, and emerging investment opportunities.
The report aims to reflect the latest trends in Azerbaijan's business climate from the perspective of European companies and European investors operating in the country.
Insights for this report are gathered from:
➖ European companies operating in Azerbaijan, including those from the EU, European Free Trade Association (EFTA), and the United Kingdom (UK),
➖ European companies interested in entering the Azerbaijani market,
➖ Local Azerbaijani companies primarily focused on EU cooperation.
The conclusions presented in this report are based on the results of 117 individual responses from the EU Business Climate Survey 2024 and 27 face-to-face interviews with company owners and top executives. The quantitative data for the report was collected through an anonymous online survey, which took place between May and August 2024. The 2024 questionnaire contained 25 questions based on the previous surveys and adjusted to reflect current local and global trends.
A total of 27 one-on-one interviews were conducted with companies from various sectors, including construction and engineering, information and communication technology (ICT), retail, wholesale, fast-moving consumer goods (FMCG), machinery and equipment, mining, oil, and gas, renewables and energy efficiency, agriculture, transportation and logistics, business services and consulting. The study also included information gathered from bilateral chambers, the EU Delegation and the European Commission, EU initiatives and projects, European Development Bank, as well as international organisations.
Pages: 70 pages | File size: 33.28 MB
