Registered labor market gets younger
State Social Protection Fund (SSPF) opened individual accounts for 370 thousand 954 citizens insured. This is 14.7% more than as of Jan. 1.
According to Turan in the fund, today the total number of insured is 2 million 637 thousand 28 people, including pensioners. Of these, 58.6% - men, 41.4% - women with positive dynamics of growth percentage for men (in the past year, the ratio was 56.2 vs. 43.8%).
The largest number (23.9%) on the books - at the age of 30. 0.6% increase in this category is the rejuvenation of the labor market. Previously (3 months ago) championship was for those who are 30 to 40 years, they are now with 23.5% in second place. Workers from 40 to 50 years old make up 22.7% from 50 to 60 years - 20.3%, over 60 years - 9.6% decrease in the percentage for all of these categories. - 17D-
Economics
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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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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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