Legal Migrant Workers Arrived
The system of individual registration of the State Social Protection Fund (SSPF) reported 26,175 foreign workers (+ 16.21%, or 558 people since the beginning of the year).
According to the information Fund, the majority of migrant workers (88.3%) were male. In total, the system of individual registration registered migrant workers from 114 countries of the world. Traditionally, most of them are citizens of Turkey (13,326 people), Georgia (2 ,873) and Russia (1,546).
According to experts, this is only the tip of the iceberg. According to the Migration Service, 3,000 illegals were expelled from the country by 1 September. --17D-
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- Economics
- 25 September 2015 00:37
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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