The labor market in Azerbaijan in July did not record progress that was noted in June, when the number of employees suddenly jumped by 19,400 people.
According to State Statistics Committee, Azerbaijan's economy as of August 1 had 1,521,100 employees, as much as at the beginning of July this year.
However, there is movement of workforce from the public to the private sector. On August 1, the public sector employed 888,800 people, 1,100 people fewer than in the beginning of July. In the private sector the number of employees was 632,300, that is 1,100 more than a month before.
The State Statistics Committee reports that average monthly salary in Azerbaijan reached AZN 489.3 ($ 300), an increase over the six-month average by AZN 1.20. In August 2015 the average monthly salary in Azerbaijan was about $ 440. -08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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