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
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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