Participation of Azerbaijani SMEs in Public Procurement To Be Encouraged
As of 2020, public procurement increased by 14.8 percent compared to 2019 and reached 6.6 billion manat ($3.9 billion), according to Azerbaijan in Focus, reporting Trend News on February 24 referring to Azerbaijani Minister of Economy Mikayil Jabbarov’s message on Twitter.
“The share of micro, small and medium-sized businesses in procurement is 2.3 billion manat ($1.3 billion) and broader participation of SMEs in public procurement will be encouraged in the future,” Jabbarov tweeted.
Earlier, Jabbarov said that the business environment in Azerbaijan will be further improved and the measures will be taken for small and medium-sized businesses to take an important position in the formation of the country’s GDP, as well as to encourage their participation in public procurement and transparency in relation to business.