The Azerbaijan State News Agency

ECONOMY

Number of Azerbaijani founder-led companies rises in Russia

Number of Azerbaijani founder-led companies rises in Russia

Moscow, December 18, AZERTAC

Since 2021, the number of Azerbaijani founder-led companies in Russia has increased 3.6-fold.

According to local sources, the figure has grown from 292 in December 2021 to 1,037. These companies are those whose founders or co-founders are Azerbaijani citizens or Azerbaijani legal entities.

Currently, Azerbaijani citizens own 1.6 percent of companies in Russia, up from 0.7 percent at the end of 2021.

 
Farida Abdullayeva
Special correspondent

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