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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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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The management of the Baku Metro often announces projects for new underground lines and stations, but official information never includes data on the cost of laying a kilometer of track or building specific metro stations. Journalists sometimes obtain details from unofficial sources, raising doubts about the reliability of such information. For instance, in 2021, an unofficial government source reported a cost of 60 million manats for planned construction of a single station on the Purple Line. This figure excluded finishing works, installation of communication lines, electronics, escalators, and elevators.
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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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