OREANDA-NEWS. April 19, 2012. Azerbaijan keeps positive balance between opening of new businesses and closure of current ones.

State Statistics Committee reports that in January-March 1.169 new legal entities were registered in the country and 106 legal entities closed. Quarterly growth of new businesses made 1.063 enterprises.

As of 1 April 2012 the country numbered 76.699 legal entities (+1,4% versus last year’s same term), 381.240 individual entrepreneurs and 850.000 family farmings.

At that small business formed the basis of legal entities- 61.188 small enterprises or 79,8% of total number of the country enterprises. Although private property was the leader in organizational legal forms of economic activity (60.351 businesses) , public (state and municipal) property form exceeded its official share in economy. By 1 April the country numbered 9.208 state (12% of all legal entities) and 1.755 municipal (2,3%) enterprises. Public property form considerably advanced volumes of foreign business attraction in the country. Thus, by 1 April the country numbered 4.046 foreign (5,3%) and 1.339 joint (1,7%) enterprises.