BAKU, Azerbaijan, April 15
By Fidan Babayeva - Trend:
As a result of an increase in salaries and the acceleration of the processes in the private business sector, the average monthly nominal salary in Azerbaijan in February 2020 reached 712.3 manat ($419), Trend reports referring to the data of the Azerbaijani State Statistics Committee.
The average monthly nominal salary for January-February 2020 was by 28.4 percent more than in the same period of 2019.
As of March 1, 2020, the number of hired employees in the country's economy increased by 7 percent compared to March 1, 2019, and reached 1.6 million people; 911,400 people were employed in the public sector, while 730,100 people worked in the private sector.
In total, 20.5 percent of hired employees in the country are involved in education, 18 percent in trade, 13.1 percent in industry, 8.2 percent in healthcare and social welfare, 7.3 percent in construction, 6.9 percent - state administration and defense, 4.6 percent - transport and warehousing, 3.4 percent - professional, scientific and technical activity, 3.2 percent - agriculture, forestry and fishery, 1.8 percent - financial and insurance activity, and 13 percent - in other spheres of economy.
As a result of the comprehensive social reforms carried out upon the Azerbaijani president’s decrees, the minimum amount of salary in the country increased by 250 manat ($147) since September 1, 2019. The salaries of civil servants and employees of several budgetary institutions, enterprises and organizations, state oil companies have greatly increased.
(1 USD = 1.7 AZN on April 15)
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