The State Statistics Committee reported that in the first quarter of this year more than 30 thousand new jobs were opened in Azerbaijan, of which 25 thousand are permanent. Roughly similar figures were released at the first three months of 2014.
The bulk of the new jobs (79.2%) are individuals engaged in entrepreneurial activities without creating a legal entity. Obtaining identification numbers for such taxpayers is in a few minutes. According to SSC, 11.2% of new jobs were created in newly created enterprises, 9.1% - in restored enterprises and organizations. At the same time, 22.3% of new jobs opened in the public sector and 68.6% - in the regions.
It is noteworthy that, according to the same source, in the first quarter of this year, the number of employees in the country decreased by 9.1 thousand people.
The government says about 5% level of unemployment in Azerbaijan. The official status of the unemployed in Azerbaijan by May 1 of this year belonged to 29 150 people.
On the third State Program on socio-economic development of the regions, 157,500 new jobs were created from 1st January 2014, of which 130,000 are permanent. Independent experts call these numbers propaganda and believe that the real unemployment rate is measured in double digits. 08D
Economics
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In Baku, grappling with growing environmental challenges, experts and policymakers convened on Friday for an international scientific conference titled “Sustainable Environment: Transition to Green Energy.” The event highlighted the urgent need for innovative strategies to combat pollution and advance renewable energy initiatives.
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Kazakhstan is set to increase its oil transit through the Baku-Tbilisi-Ceyhan (BTC) pipeline by 5.1% in 2024, reflecting growing regional cooperation and diversification in energy routes. According to figures obtained by Turan News Agency, the total volume of Kazakh oil transiting through the BTC pipeline is projected to exceed 1.464 million tons, up from 1.392 million tons in 2023.
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In a groundbreaking development for Azerbaijan’s energy sector, GL Group, a prominent Azerbaijani oil company, has announced plans to drill the country’s first horizontal well on land, reaching a depth of 4,400 meters with a lateral section of approximately 400 meters. The project, a milestone in the region’s oil exploration history, is set to take place at the Kirsangi-Garabaghly onshore fields.
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The Central Bank of Azerbaijan (CBA) forecasts an annual inflation rate of 5.1% by the end of 2024, comfortably within the target range of 4% ± 2%. However, recent data indicate that inflationary pressure has significantly eased over the year: in October, the inflation rate stood at 3.4%, slightly down from 3.5% in September. Official data for November have not yet been released, leaving room for speculation about possible year-end adjustments.
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