Baku / 14.09.17 / Turan: As of August 1, the economy of Azerbaijan employed 1 million 524.9 thousand people. According to the State Statistics Committee, this is 11,000 more than in the beginning of this year, less than a month earlier.
Over the month, the number of people hired to work in the economy fell by 2,800, which was mainly due to the public sector. As of August 1 this year, the public sector employed 879,000 people, 2,100 less than in early July.
According to official data, the unemployment rate in Azerbaijan is 5%. Independent economists disagree with this indicator and note that the majority of rural residents should also be referred to the unemployed, since they do not have a permanent source of income. The government attributes this category of persons to the employed population, and justifies its attitude by the fact that these individuals have private agricultural land plots. -------08B--
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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