Following the closure of several banks and exchange offices, the employment centers of the Ministry of Labor and Social Welfare have been requested by 2,700 people, the Minister Salim Muslimov said. According to the Minister, these people were registered as unemployed, and they were assigned to the dole.
"There had been a very high salary. The salary was about 1,250 AZN. Within six months, the state will pay them 70 percent of their salaries," Muslimov said.
The Minister noted that Azerbaijan needs to adopt a law "On compulsory insurance against unemployment".
He noted that such a law will allow people to not be afraid of losing their jobs. -----71D
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review