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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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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