Permanent employment contracts in non-oil private sector increase
Nazrin Abdul
Read moreIn the past five years, the number of permanent employment contracts in the non-oil private sector has increased by 79%.
Economy Minister Mikayil Jabbarov shared this information on the "X" social network, Azernews reports.
"In the last five years, the number of permanent employment contracts in the non-oil private sector has risen by 79%, equating to 426,000 new contracts. This significant change in the labor market is due to economic growth, the establishment of new enterprises, investment-driven projects, and an incentive-based tax policy," Jabbarov noted in his post.
Over the past 5 years, the number of permanent #laborcontract-s in the private sector of the #nonoil industry has surged by 79%, resulting in 426,000 new contracts. This positive shift in the labor market is a result of growth-oriented tax policies, the launch of new ventures,… pic.twitter.com/iBGI59mEAZ
— Mikayil Jabbarov (@MikayilJabbarov) August 5, 2024
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!