The number of registered migrant workers in Azerbaijan is growing.
According to the State Social Protection Fund (SSPF), YTD increase of foreign labor was 2 544 persons or 15.6 %. As of October 1, they are 16 297 people, of whom only 9.8 % are women.
Most are citizens of Turkey (9 498, or 58.3 % of all migrants), followed by Georgia - 1 762 and Russia - 827 representatives.
They are followed by Iran (532 people), China (396), India ( 399) and the UK ( 240 ) . Total in Azerbaijan officially registered migrant workers from 99 countries in the world. These figures do not fully reflect reality. Many foreigners that come for the construction of large-scale investment projects are exempt the Migration Service.
The adoption of a mandatory registration of foreigners with the State Social Protection Fund began on January 1, 2006 . - 17D-
Economics
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Azerbaijan’s Parliament has ratified a landmark agreement on the development and transmission of green energy with Kazakhstan and Uzbekistan. The agreement, signed by the leaders of the three countries during COP29 in Baku last November, aims to promote renewable energy sources, enhance energy security, and support sustainable development.
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Azerbaijan’s non-oil and gas exports increased by 0.3% in 2024, reaching $3.4 billion compared to the previous year, driven largely by higher sales of agricultural and food products, according to the latest Export Review by the Center for Analysis of Economic Reforms and Communication.
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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