In November last year in Azerbaijan were legalized 45,500 workers employed. In the previous month, the figure was 30.4 thousand people, the State Statistics Committee told Turan.
In November, the number of employed persons was 1,470,200 people. Compared with the beginning of the year the number of employees in the country increased by 82 700. President Ilham Aliyev linked this trend with the opening of new jobs. But according to a recent report by the Ministry of Taxes increase in the number of employees is the result of the legalization of jobs concealed from taxes.
At the beginning of December in the public sector worked 897,900 people, and in the private sector - 572 300.
In November in education worked 23.5% of the employees, in trade and repair of motor vehicles - 19.4%, in industry - 12.5%, in the provision of social health - 9.2%, in construction - 7.5%, in transport and warehousing - 4.9%, in agriculture - 3%, etc. It is noteworthy that the increase in the number of employees does not impact on their sectoral structure. - 08D-
Economics
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Azerbaijan's President Ilham Aliyev signed a decree introducing changes to a number of presidential decrees aimed at amending the country's Tax Code in connection with the adoption of Law No. 98-VIIQD on December 16, 2024. The decree, published on Tuesday, introduces significant changes designed to simplify tax refunds for various goods and services and improve the rules for refunding value-added tax (VAT).
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SOCAR Türkiye Enerji AS (STEAS), the Turkish subsidiary of Azerbaijan's state oil company SOCAR, has announced an ambitious plan to build new production facilities for ethylene, polyethylene, and polypropylene (polyolefins) in Turkey. This initiative comes as the country grapples with a widening supply-demand gap, with nearly 90% of its polyolefin needs currently being met through imports.
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The tourism industry in Azerbaijan is experiencing remarkable growth in 2024, driven by post-pandemic recovery and strategic government initiatives. From January to November 2024, the country welcomed 2.412 million foreign tourists, marking a 27% increase compared to the same period in 2023. Projections suggest that the total number of visitors by year-end could reach 3 million, underscoring the sector's impressive trajectory.
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In the first 11 months of 2024, Azerbaijan's consumer market demonstrated steady growth, with the total value of goods and services reaching 67.4 billion manats, a 4.8% increase compared to the same period in 2023. This growth underscores the resilience of Azerbaijan's economy, which continues to adapt to global and domestic challenges.
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