Employment in the transport sector increases by 4.4%
In 2012, the transport sector, including warehousing and postal enterprises employed 68.400 workers employed. This is by 4.4% more than in the previous year. However, the number of employees in the transport sector, compared with 2009 (85.1 thousand) decreased by about 20%.
According to the State Statistical Committee, the proportion of public sector in the structure of the transport sector has reached 75%. Over half (55%) of workers are engaged in land transport (road, pipeline transport modes, subway, etc.). In aviation companies are involved 7.9%, and in the sea transport - 14.5% of the transporters.
Last year the average monthly wage of employees in transport was more than 500 manats, by 12.8% more than in 201. Aviators in 2012 earned an average 98; employees of the Caspian Navigation earned 74 manats (19.7%). Last year, the salary of railway workers increased by 13.5%. But they received far less than transport workers - an average of 226 manats a month. 08D
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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