Category: News

In the months of January-October 2022, the average monthly nominal salary of wage workers in the country’s economy was 827.9 manats.

Banker.az reports with reference to DSK that the average monthly salaries of employees in the field of finance and insurance in the country have increased.

The salary in the oil and gas sector was 3409.2 manats, and in the non-oil and gas sector it was 778.5 manats. The wages of employees working in state enterprises were 780.7 manats, and in private enterprises 880.9 manats.

The average monthly nominal salary of workers in the mining industry was 3,263.1 manats. According to official records, this amount was 3,959.4 manats in private enterprises, while it was less than 2,080.4 manats in state enterprises.

In the months of January-October 2022, the average monthly wages of those working in the field of finance and insurance were 2,066.8 manats, those working in the state were 2,211.6 manats, and those working in the private sector were 2,029.4 manats.

The next profitable field was the field of professional, scientific and technical activity. The average monthly nominal income of those operating here was 1,392.4 manats. Those working in the private sector earned 1,971.9 manats, while those working in the public sector earned 876.6 manats.

Another profitable sector is information and communication. The average monthly nominal income of employees in this field is 1,332.7 manats. The average monthly nominal income in state enterprises was 1,115.1 manats, while the salary in private enterprises was 1,527 manats.

The average monthly salary in the field of public administration and defense, social security was 1,168.7 manats. While the salary in state enterprises was 1,207.7 manats, it was 386.9 manats in the private sector.

A surplus in the current account of the balance of payments is expected in 2023.

“APA-Economics” informs that this was reported by the Central Bank of Azerbaijan (CBA). It was noted that the diversification of the export structure leads to a decrease in the role of the oil price balancing the current account. In 2023, state demand will play an important role in supporting economic activity.

The Central Bank also stated that in 2023, the ratio of state budget expenditures to GDP is expected to exceed 30%: “In the next year, the implementation of the strategy of reducing the non-oil fiscal deficit and indebtedness will ensure long-term fiscal stability by continuing the implementation of the budget rule. is of great importance”.

The illegal exploitation of the Kyzylbulag gold and Demirli copper-molybdenum deposits located in the Karabakh economic region of Azerbaijan has been stopped.

“Qafqazinfo” reports with reference to the Armenian press that “Base Metals” company released information about this.

According to information, the company has decided to apply to international organizations for environmental expertise.

The appeal has been sent to the relevant structures of the UN and relevant international organizations for investigation as soon as possible.

It should be noted that the protest against the illegal exploitation of mineral deposits in the Karabakh economic region of Azerbaijan on the Khankendi-Lachin road passing through Shusha has been going on for 17 days.

So far, the residents of Sumgait Chemical Industrial Park, which is managed by the Economic Zones Development Agency under the Ministry of Economy, have invested more than 5.3 billion manats and plan to invest more than 300 million manats.

Report informs that Minister Mikayil Jabbarov said this on Twitter.

According to him, these investments are intended to create more than 2,000 permanent jobs:

“It is the 11th anniversary of the establishment of the Sumgayit Chemical Industrial Park. Industrial parks make important contributions to sustainable economic growth, development of the non-oil sector and ensuring employment. More than 6,000 people are provided with permanent jobs in the park,” the minister noted.

In January-November 2022, “Azerkosmos” exported services worth 24 million US dollars (satellite telecommunication services and optical satellite services) to 41 countries of the world.

The December issue of “Export Review” states that the income of “Azerkosmos” from the export of services made up 82 percent of its total income. In November 2022, “Azerkosmos” exported services worth 2.3 million US dollars to 34 countries of the world.

The top five exports of satellite telecommunication and optical satellite services during January-November 2022 are the United Kingdom with 6 million US dollars, France with 5.3 million US dollars, Luxembourg with 4 million US dollars, 2.1 million US dollars UAE and Pakistan with 1.3 million USD.

The purchase and sale of movable property with a total amount of more than 15 thousand manats will be carried out only in a cashless manner.

It was reflected in the new Article 3.4.16 proposed to the law “On Cashless Settlements”, which was discussed at today’s meeting of the Milli Majlis.

According to the project, payments for the purchase and sale of movable property registered in the official registers (excluding car sales) with a total amount of more than 15 thousand manats will be made only in cashless manner.

If the law is adopted, it will enter into force on February 1, 2023.

The bill was put to a vote and adopted in the third reading.