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Learn moreFeb 2021
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COVID-190 has had a more limited impact on retailing than might be expected in Azerbaijan, despite the closure of non-essential retail outlets at the beginning of the lockdown, and the subsequent mixture of restrictions and controls imposed on the sector as the government attempted to reopen the economy in the face of subsequent fresh waves of infection. In part, the limited shift in shopping habits reflects the lack of development in non-store retailing.
On 24 March, the country went into quarantine, before closing its borders and going into complete lockdown on 5 April. Borders had previously been closed in part, with cross-border movement with Turkey stopping on 15 March and three days later with Russia.
In November 2020, Armenia, Azerbaijan and Russia signed an agreement to end military conflict over the disputed enclave of Nagorno-Karabakh, following six weeks of fighting between Azerbaijan and ethnic Armenians. The region is internationally recognised as Azerbaijani but has been run by ethnic Armenians since 1994.
In September 2020, the Azerbaijani government rolled out a new tax law, according to which all purchases from international stores that cost more than USD300 per month will be the subject of new rates of duty. Previously the limit was a total figure of USD1,000.
The Azerbaijani economy is anticipated to make a faster than expected recovery from the sharp contraction in GDP caused by the pandemic in 2020. This will help the retailing sector flourish, and a return to pre-pandemic consumption habits is anticipated.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Retailing industry in Azerbaijan with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Retailing industry in Azerbaijan, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Retailing market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.