On September 23 the Cabinet of Ministers established transport companies at the heads of the Executive Power of Sumgait and Ganja.
The entities (LLC Sumgait Negliyyat and LLC Gence Negliyyat) will have 20 employees.
The State Committee for Property Affairs of Azerbaijan is tasked to approve the statutes of the companies.
Offices of Passenger Transportation in Road Transport under the Heads of Executive Power of Sumgait and Ganja were created in these cities earlier. In Baku, there is a transportation agency under the Cabinet of Ministers. And LLC Baku Bus at the Executive Power of Baku was set up in 2014. ----08D
Economics
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Azerbaijan’s oil and condensate production and exports saw a marked decrease during the period from January to September 2024, continuing a downward trend compared to previous years.
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Investments in fixed assets in Azerbaijan totaled 12.7 billion manats ($7.5 billion) in the first nine months of 2024, down 3.9 percent compared to the same period last year, the State Statistics Committee said on Monday. Investment in the oil and gas sector fell by 8.4 percent, while investment in the non-oil and gas sector dropped by 1.6 percent.
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Industrial production in Azerbaijan rose by 1.3% year-on-year in the first nine months of 2024, reaching 47.8 billion manats ($28.2 billion), the State Statistics Committee reported on Monday. The growth was driven by a 0.6% increase in the oil and gas sector and an 8.7% rise in the non-oil and gas sector.
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As of September 2024, the labor market in Azerbaijan has demonstrated active activity, total employment has reached 1,754.9 thousand people. The labor force is almost equally divided between the state and non-state sectors, which employ 878.3 thousand and 876.6 thousand people, respectively, according to the State Statistics Committee.
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