In October of this year in Azerbaijan there were legalized 30,400 jobs. Compared to September, the average number of employees in the economy increased by this figure.
In October, the number of employees was 1,425,700 people. It is noteworthy that the trend of growth in the number of employees concerned not only private, but also public sector. Moreover, the number of public sector jobs in the public sector (16,100) surpassed the private sector (14,000).
It should be emphasized that the sharp increase (+1%) had almost no impact on the sector structure of employees. In October, in education worked 23.6% of the employees, in trade and repair of motor vehicles - 19.4%, in industry - 12.5%, 9.4% - in the provision of social health services, in construction - 7.6%, in transport and storage - 4.9%, in agriculture - 3%, etc.
The State Statistics Committee said that, despite the measures taken by the State Service of Labor and the Ministry of Taxes for the legalization of jobs, part of employees still work with the employer without signing an employment contract. - 08D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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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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