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 is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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