As of May 1, 2016 the number of people employed in the economy of Azerbaijan amounted to 1 million 505.6 thousand people. Within one month the number of employees increased by 1,600. The growth mainly occurred in the private sector. The information was obtained by Turan in the State Statistical Committee.
At the beginning of May, 891,000 people worked in the public sector of the economy, and 610.6 thousand people worked in the private sector. Within a month public institutions received 400 people, and private businesses received 120 people.
Despite the increase, the number of people working with payment is lower than the number of people who worked before the second devaluation. In November last year the number of employees on salary was 1 million 054 700 people. From November last year to May the current number of employees in the public sector increased by 3.1 thousand. In the private sector the number decreased by 16.2 thousand. That is, after the dismissal from the private sector people joined the public sector. --08D--
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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