In the first quarter of 2016 the number of employees in the in the head offices and branches of banks and insurance companies in Baku decreased by 2436 people compared to the same period of 2015. According to the Baku Statistics Department, for April 1, 20,100 people worked in financial institutions of Baku.
Approximately one thousand people were laid off in the communications and telecommunications enterprises in Baku. On April 1, in these enterprises worked 18.2 thousand people. The construction companies employed 60.900 people; by 9310 people less than a year earlier. Total on 1st April 2016 682.100 thousand people are employed, at least 8,400 people less in Baku, in the comparable period of last year. According to the committee, in Azerbaijan on conditions of employment contracts work 1.5 million people. 08D
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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