According to the International Labor Organization, the average salary in Azerbaijan is one of the lowest among the 71 countries for which data are available.
According to material published on the website InvestorSsholl.ru, the highest average wage in Luxembourg is 3,722 dollars a month.
Azerbaijan ranks one of the last on the average salary of $303, and is behind poor Georgia and Armenia, which rank 55th and 57th respectively with the index and $430and $404.
Azerbaijan’s index was below of many African and Asian countries, not to mention the poor European countries - Bulgaria, Bosnia and others. The worst situation is in the Republic of Moldova, Mongolia, Tajikistan, Kyrgyzstan and Syria. -02D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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