In the next five years, the share of the population employed in the private sector in Azerbaijan will increase from 77.6% in 2021 to 80%, Report informs, citing the Strategy for Socio-Economic Development of Azerbaijan for 2022-2026 approved by President Ilham Aliyev today.
According to the strategy, new jobs will be created in the private sector, and the employment rate will grow: "Entrepreneurial activity that creates new jobs will be stimulated. By creating the necessary conditions for developing small and medium entrepreneurship and self-employment, especially in the regions, effective employment and decent work for population groups will be achieved, and necessary preventive and control measures against informal employment will be strengthened."
The strategy notes that the gradual reduction of informal employment will increase the share of the non-state sector on wage earners to 50% (46.9% in 2021).