In 2012, the Tax Ministry carried out a series of measures to legalize the employment and detention in compliance with the legislation of individual labor contracts with employers. As a result, last year created a single database of Agreement included data 180,096 new workers employed by about 56,000 to entrepreneurs, said the Ministry of Taxes.
According to the ministry, on January 11, 2013 the information database with data on employment contracts with 1,480,925 employed persons.
According to the State Statistics Committee, AT the beginning of 2012 the number of employees in Azerbaijan amounted to 1,387,500 people.
In order to broaden the tax base Tax Ministry has started out to citizens, potential subjects of self-employment with the requirement to stand on tax accounting. According to the committee at the beginning of January 2012, there were 4,375,000 employed. Of these, 1.65 million work in agriculture, which is not subject to tax. - 08D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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