Industrial accidents decreased
In the first nine months of this year, the production recorded 128 accidents. According to the results of the investigation service of the State Labor Inspectorate, compared with the same period last year, the facts of accidents decreased by 16.4%.
The Department of Public Relations of the Ministry of Labor and Social Welfare told Turan, as a result of accidents suffered 90 people, 25 people (25%) less than in the comparable period of 2012. The number of people killed in accidents is not reported.
More detailed information is provided on the construction sector. This sector recorded 39 accidents (January-September 2012 - 55), which affected 24 people (39). In addition, 19 people were killed. Last year, 26 deaths were reported in the construction sector. - 08D -
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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