RESPONSIBLE ENTREPRENEURSHIP VISION DEVELOPMENT AND ETHICS

Government support for entrepreneurship: case of Azerbaijan 445
Agency, which makes the process much efficient and less bureaucratic. Number of fields
requiring license was reduced.
Through the legislative framework, State Programs on development of SMEs and
entrepreneurs and regional development of social-economic infrastructure have been undertaken.
Besides, single window for registration, e-custom procedures, e-declaration of taxation,
are good examples what have done among other initiatives.
Azerbaijan economy should prioritize the sectors where it has comparative advantage and
support those areas most. Due to the significance of oil industry in the national economy of
Azerbaijan, it would be rational to enhance SMEs along the chain of petro-chemical industry.
Entrepreneurship development is key reason for development of the county and its regions.
In order to ensure balanced development in all regions and achieve remarkable development
level in the country, regional based development packages should be adopted.
Note
i
On February 21, 2015 Central Bank of Azerbaijan devaluated Azeri manat from $1.25 to $0.95 and
again to $0.64 on December 21, 2015.
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