Directions on governmental role increasing in the development of small and medium tourism entrepreneurship in Azerbaijan
Abstract. The tourism industry of Azerbaijan has developed significantly in recent years and currently plays an important role in the country`s economy. Tourism is recognized as one of the main economic sectors worldwide, as this sector not only provides employment for the local population but also leads to the inflow of foreign currency and an increase in demand for local products and services. Important work is being done in Azerbaijan to develop this sector. Small and medium tourism enterprises play an important role in the development of the tourism sector in Azerbaijan. Small and medium enterprises operating in this sector include hotels, restaurants, travel agencies and other service industries operating mainly in the regions. These enterprises have a positive impact on the local economy, create new jobs, and strengthen the country`s position in the international tourism market by promoting the cultural heritage and natural beauty of Azerbaijan. State participation in the development of small and medium tourism businesses is crucial for the development and competitiveness of this industry. The favorable environment created by the state for the tourism sector and the support it provides create conditions for entrepreneurs to implement their innovative ideas, strengthen their positions in the market and bring their products to the world market. The purpose of this article is to consider various directions for increasing the role of the state in the development of small and medium-sized tourism entrepreneurship in Azerbaijan.
Keywords: small and medium business, role of the state, industrial development, tourism market.
Highlights:
- increasing the role of the state in the development of small and medium-sized tourism enterprises in Azerbaijan is crucial both from an economic and social point of view;
- government support provided to small and medium-sized tourism businesses leads to the creation of new jobs, an increase in national income and foreign exchange earnings, the preservation and popularization of national culture and heritage, the improvement of the business environment, sustainable development and innovation, and the formation of a national brand.
Jeyhun I. Nuriyev - Azerbaijan State University of Economics, Baku, The Republic of Azerbaijan