Investor Presentaiton
IV.6 Competition
There is further deterioration in competitiveness of business environment in 2022
compared to the previous year (2021)
Perception regarding the overall competitive environment is below the minimum
average level
Entrepreneurs still considered that the corporate businesses are dominated by the
few groups of companies as like previous time (-0.89; 69.4% in 2022 and -0.74;
65.8% in 2021)
The Competition Commission needs to be proactive to monitor the activities of the
'dominant market players' in different sectors - who are likely to make an adverse
impact on the market
43.8% of respondents mentioned that fiscal measures distort competition to some
extent (-0.19, 43.8%); more target oriented measures promoting diversification in
investment, products and markets are needed. These measures need to be
reviewed on a regular basis
The situation have grown worse in case of innovative ideas. 56.8% of businessmen
indicated that new companies with innovative ideas have not been growing (-0.41)
It has worsened from the the pre-covid level (-0.25; in 2019)
Entrepreneurs perceived that most of the fiscal measures (subsidies, tax breaks, etc.) do
not at all support SME growth and the emergence of new entrants (-0.07, 47.23%)
■ Although the situation has improved, but 46.6% entrepreneurs mentioned that well-
developed and deep clusters remained at poor state (-0.18; 46.6%)
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