Azerbaijan tracks rise of foreign labor in its SME landscape
In 2024, a significant number of foreign workers worked in micro, small and medium-sized enterprises in Azerbaijan. trend.az »
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In 2024, a significant number of foreign workers worked in micro, small and medium-sized enterprises in Azerbaijan. trend.az »
By sector, agriculture, forestry, and fisheries dominated SME lending at 42.5 percent, followed by services, international trade,, and manufacturing. Construction, transport, and catering accounted for smaller shares of lending. trend.az »
In terms of sectoral distribution, other services remained the largest component, accounting for 48.5 percent of SMEs. trend.az »
SMEs contributed 60.4 percent of total GDP, maintaining their dominant share of the economy over recent years. trend.az »
The European Bank for Reconstruction and Development (EBRD) is providing a 40 million euros loan to ProCredit Bank Belgrade to support small and medium-sized enterprises (SMEs) across Serbia. The financing will help businesses access working capital and investment loans, with a portion dedicated to renewable energy and energy efficiency projects. trend.az »
Prime Minister Olzhas Bektenov announced at a government meeting that Kazakhstan will strengthen SME development around the mining and metallurgical complex. New industrial projects and digital tools are expected to improve efficiency, innovation, and local value creation. trend.az »