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
-
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.
-
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.
-
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.
-
"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.
Leave a review