Baku/13.05.14/Turan : As of April 1, the total number of employed persons in Azerbaijan amounted to 1,510,400 people. In March, the labor market was recorded growth of 1 %.
According to the State Statistics Committee, in the first quarter of the labor market is the outflow and inflow of labor. By April 1, there has been a stabilization, if the beginning of March was recorded to reduce the number of workers employed 16 000 people , then the next month , this figure approached the January figure - 1,510,100 people. The government announces the creation of new social and industrial enterprises and the opening in the first quarter of this year, 29,000 new jobs.
As of April 1, government agencies employs 900 700 people (-500 people), private enterprises and organizations 609,700 people (-200 persons). - 08D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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