Nominal Salary on Railways 256.1 AZN
The average monthly nominal wage of railway workers was 256.1 AZN ($ 240) as of October 1.
According to the SSC, it is the lowest one in the transport sector. According to official statistics, maritime workers receive the highest salary – 1,043 AZN (+ 41.6% YTD).
Meanwhile, the average salary of employees of air transport is AZN 822.3 (+ 4.6%), pipeline companies - 716.9 AZN (1.9%), subway - 583.7 AZN, and vehicles - 476.1 AZN.
The transport sector employs 73.6 thousand people (72.1% - in public transport companies and 27.9% - in private ones).
In information and communication enterprises the average monthly salary is 748.3 AZN, and 26.4 thousand people work in this area. --17D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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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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