In June of this year, the economy of Azerbaijan involved 388.6 thousand employees. During 12 months their number increased by 16 thousand persons or 1.1%, the State Statistics Committee told Turan.
Growth in the number of employees was mainly due to the private sector. When in June 2011 in the private sector worked 513.4 thousand people, in June this year the figure reached 540 thousand people.
According to the GCS in the first quarter of this year, the number of the employed population was about 4.4 million people. In other words, every two thirds of the employed population had income from self-employment and has no steady income. However, the government argues that the unemployment rate below the European average. - 08B-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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