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Baku/19.04.22/Turan: In the first quarter of this year, the median wage in Azerbaijan is 405 manats ($238.2), a spokesman for the Ministry of Labor and Social Security told Turan.
Three years ago, the figure stood at 223 manats, or $131.1. This means that in 2019, the accrued hourly work was below $0.70 (24 workdays of 8 hours per day). That figure is now $1.23/hour.
Note that average monthly nominal wage data has not so far been summarized. Over the first two months the figure stood at 768.3 manats ($451.9). Thus, the median wage is equal to 53% of the average accrued wage. In other words, about half of the wage earners receive a monthly wage of about 50% of the national average monthly wage. -08B-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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