As of February 1, formal employment in Azerbaijan decreased by 4.7 thousand people. If at the beginning of the year in the country's economy there were employed 1,516.1 thousand workers, in a month the number of registered employees amounted to 1,511.4 thousand.
At the same time, according to the State Statistics, the average wage has not actually grown - as of February 1, it was 444.4 manat - 10 kopecks higher than in early January.
In the public sector, by 1 February were employed 881.6 thousand workers (January 1 - 884.4 thousand), and in the private sector - 629.8 thousand workers (631.7 thousand a month earlier). --17D-
Economics
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The International Association of Drilling Contractors (IADC) opened its annual "IADC Drilling Caspian" conference in Baku on Tuesday, bringing together industry leaders to discuss advancements in oil and gas drilling, as well as the growing role of geothermal energy.
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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