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
-
Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
-
The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
-
At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
-
This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
Leave a review