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2. Assessment of Impact of COVID-19 on SMEs in Azerbaijan: Consequences and Perspectives
- Author:
- Narmina Gasimova
- Publication Date:
- 07-2022
- Content Type:
- Working Paper
- Institution:
- Center for Economic and Social Development (CESD)
- Abstract:
- COVID-19 had a considerable negative impact on the economy of Azerbaijan, with SMEs being one of the major victims from the economic perspective. Economic sectors were affected to a different extent by the pandemic and lockdown measures. As a result of lockdown measures, many SMEs closed their operations with their employers not being paid or left without pay. Although the government provided essential support to small and medium-sized businesses, the share of closed businesses was high. Over two years since the beginning of the pandemic, a measures toward the improvement of the business environment was done. The share of operating and newly created SMEs increased along with legislative incentives adopted for their development.
- Topic:
- Economy, Public Health, COVID-19, and Lockdown Policies
- Political Geography:
- Azerbaijan and Caspian Sea