Trend of closing foreign companies decreased in February


March 6, Fineko/abc.az. The number of commercial organizations registered in February 2020 with foreign investments was 2.3-fold more against February 2019.

ABC.AZ reports with reference to the Ministry of Taxes that in comparison with February 2019, the number of commercial organizations with foreign investments that ceased their activities in February 2020 decreased by 16.5 times.

64.3% of commercial legal entities with foreign investments that passed state registration in February 2020 (328) operate in the service sector, 19.5% in trade, 5.1% in industry, 2.7% in construction, 1.8% in agriculture, 0.6% in transport, 0.6% in communications, and 2.7% in other areas.