Many large companies in Azerbaijan consider COVID-19 to be the main threat to business development

BAKU, Azerbaijan, May 15Trend: Many heads of large companies in Azerbaijan consider the coronavirus pandemic to be the main threat to business development.

PwC Azerbaijan Managing Partner Mevlan Pashayev said this at a press conference dedicated to the presentation of the fourth annual PwC CEO survey on Azerbaijan, Trend reports on Tuesday.

According to him, the results of the survey indicate that 64 percent of respondents consider COVID-19 to be the main threat to the company’s growth.

Also, among the existing risks, more than 50 percent of the respondents named the volatility of the exchange rate, and about 40 percent – tax liabilities.

PwC has conducted the fourth survey among heads of companies in Azerbaijan since the beginning of the year. The majority of respondents said that the growth rate of the global economy will recover in 2021.

(Author: Zeyni Jafarov. Editor: Konstantin Shapiro)




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