The State Labor Inspection Service (SLIS) legalized in May 2014 labor relations of 685 workers with employers.
According to the press service of the Ministry of Labor and Social Protection of the Republic of Azerbaijan, it is +34.5 % compared with May 2013. As a result of the intervention of SLIS conclusion of 61 collective agreements was provided.
In May, labor inspectors provided payment to workers of delayed social payments of 47,208 manat , including 43,044 manat on salary, 3,789 manat - compensation for work-related injuries, and 375 manat - on social benefits and compensation. -17D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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