As of April 1, Azerbaijan's economy employs 1,507 thousand people who at the end of a month receive wages. Over the past 12 months, despite government claims on the monthly opening of 10,000 new jobs and reducing the unemployment rate to 5%, the number of employees in the country has decreased by 0.22%.
According to the committee, by the 1st of January this year in Azerbaijan there were 1 516.1 thousand employees, 9.1 thousand more than by April 1.
It is noteworthy that the number of employees in Azerbaijan is stable over the last two years and it has become 27.6 thousand more. According to the same official data, during this period the number of people employed in the economy increased by 144 thousand.
The state is the main employer: as of April 1 the state enterprises and budgetary organizations employed 879.2 thousand people, which is 21.5 thousand or 2.4% less than in April 2014. During this period in the private sector the number of employees increased by 18.1 thousand, or 1.03%. In the last 24 months the private sector gave jobs to 44.8 thousand people. ----08B
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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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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