In January of this year compared with the same period last year, the total number of employees of the industrial sector fell by 7.8%, the State Statistics Committee told Turan.
In January 2015 industry engaged 188,000 people, but this year this figure fell to 173.4 thousand. In the mining industry downsizing was 2.3 thousand, in manufacturing -. 9.7 thousand, and in power, gas and steam production and distribution -3.8 thousand people.
According to the State Statistics Committee, within two months from the beginning of the year the volume of industrial production in the country amounted to 4.3 billion manats, 0.1% less than in the comparable period of 2015. In the non-oil sector, industrial production for the period increased by 4.5%. Decline was registered in the oil and gas sector (-0.7%).
The share of extractive industries (2.7 billion manats) in the entire industry was 61.7% in the reported period. -0--
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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