Private sector share in Baku industry was 78.7% last year


February 3, Fineko/ The Baku City Statistical Office has published the cost of goods and services produced in the capital's industry in 2020.

ABC.AZ informs that last year the share of the non-state sector in the industry amounted to 78.7%. The share of industrial products in the total volume of production was 85.3% and industrial services 14.7%.

Most of the products fabricated were sent to consumers, taking into account the stocks formed in previous periods. As of 1 January, the warehouses of industrial enterprises had stocks of finished products for AZN 343.9 million. The warehouses of industrial enterprises also stored other products for AZN 91.3 million, purchased from other enterprises and intended for sale.