“The number of employment contracts in the private sector of the non-oil industry has now exceeded 1 million,” Azerbaijani Economy Minister Mikayil Jabbarov said on X.
“Since 2019, nearly 470,000 new contracts have been concluded in this sector, reflecting an 87% increase. Today, the non-oil private sector accounts for more than 55% of all employment contracts in the country. In addition to economic growth and the creation of new jobs, tax reforms have played a crucial role in achieving these results. Specifically, the introduction of a 7-year concession framework—aimed at formalizing (“whitening”) salaries, expanding employment in the non-oil sector, and ensuring greater transparency—has been instrumental in driving this progress,” the minister noted.
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