As of 1 November in the economy of Azerbaijan there were 1,504.7 thousand employees on labor contracts, which is 1.6 thousand less than a month earlier, the State Statistics Committee said.
In October, the number of public sector employees increased by 800 and reached 877.9 thousand. In the private sector there was a reduction of jobs. While by October 1 the private and public enterprises and organizations employed 629.2 thousand people, in the past month the number dropped to 626.8 thousand.
The downward trend in employment in the economy by hiring has been observed since last year. By November 2014, 1 million 507.5 thousand people worked on the basis of contracts. Of these, 883.7 thousand or 58.6% belonged to the public sector. -----08D
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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