Major findings

• Companies say, their business conditions have deteriorated during last three months and their expectations regarding the coming six months have significantly decreased.
• Security remains the most important factor for business development. It is followed by market and demand, administrative reforms, better infrastructure and access to finance.
• Small and medium companies suffer more than large businesses.
• Businesses have reported that their order books keep shrinking.
• In general, surveyed companies have fired more people than those they have recruited during last three months. Meanwhile, agriculture and manufacturing companies expect to employ more people in the coming six months.

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