For May 1, in the economy of Azerbaijan are employed by a contract with the employer 1 504.7 thousand people. From the beginning, 11.400 people lost their job.
The State Statistics Committee published the monthly data on employment in the country's economy, according to which the number of working from paycheck to paycheck is comparable only 14-month statute of limitations, the number of employees amounted to 1 million. 494.100. (1 March 2014.).
The government claims the opening 10,000 new jobs every month, and reducing the unemployment rate to 5%.
For the 1st of May in state enterprises and budget organizations worked 874.700 people, by 9.700 less than in 1 January of this year. Since the beginning of the year in the private sector the number of employees fell by 1.700 people , and totaled 630,000 people. 08B
Economics
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The Supreme Eurasian Economic Council of the Eurasian Economic Union (EAEU) convened today, December 26, 2024, at a summit highlighting the evolving dynamics of regional cooperation and the complex interplay of geopolitical interests among EAEU member states. The meeting, held in Saint Petersburg, brought together the leaders of the EAEU countries to discuss a robust agenda that could shape the bloc's trajectory in 2025 and beyond.
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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