52% of companies participating in a survey conducted in Azerbaijan plan to expand their operations in the coming years, while 25% plan to maintain their current level of activity, Aytan Akhundova, Team Leader of the Azerbaijan–European Union Business Forum, said, APA-Economics reports.
According to her, companies' expansion plans have weakened slightly compared to last year. This is mainly attributed to the geopolitical situation in the region.
Azerbaijan's main attractions for companies are access to commercial partners and customers, opportunities for strategic cooperation, and access to the domestic market.
The main factors hindering investment are the limited size of the market, the war in Ukraine, and other global conflicts.
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