Number of employment contracts in non-oil private sector in Azerbaijan exceeds 1M

The number of employment contracts in the private sector of the non-oil industry in Azerbaijan has exceeded 1 million, Economy Minister Mikayil Jabbarov said on X, Report informs.

"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," Jabbarov wrote.

In addition to economic growth and the creation of new jobs, tax reforms have played a crucial role in achieving these results, according to the minister.

"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," Jabbarov wrote.