The share of the private sector in Azerbaijan's industry sector amounted to 78.4 percent in the period between January and August, local media has reported.

Azerbaijan is actively working on the improvement of the role of the private sector by issuing concessional loans that have more favorable terms and conditions than those offered by the commercial finance market.

Development of entrepreneurship is one of the important conditions for a country's socio-economic growth. Azerbaijan makes maximum efforts to enhance the role of the private sector in the economy and also takes measures aimed at raising the level of entrepreneurial activity.

Private sector plays an important role in the formation of the innovation ecosystem in Azerbaijan, Rashad Azizov, Head of the Department of Innovative Development of the Information Society and Electronic Governance at the Ministry of Transport, Communications and High Technologies of Azerbaijan said at a training for startups organized at the Azerbaijan Technical University June 27.

The gross external debt of Georgia increased by $437.4 million during the second quarter of 2015, amounting to $14.1 billion as of June 30, 2015, according to the National Bank of Georgia.

Azerbaijan has a much potential when it comes to its private education sector, development in the education system and connected infrastructures, noted Mikayil Jabbarov, Azerbaijan minister of education on Monday.

Iran's private sector which shares only 20 percent of the country's economy is too weak and fragile compared to the state-owned firms.

The Iranian private sector has stopped exporting crude oil, the Mehr News Agency quoted the chairman of the union of Iranian exporters of oil derivatives, Hassan Khosrojerdi, as saying.