Agency for Vocational Education to Train Specialists in Framework of International Programs
The Azerbaijani President signed a decree on the establishment and operation of the State Agency for Vocational Education of the Ministry of Education.
According to the document, the purpose of creating a new structure is improving the effectiveness of training in primary special vocational education and training of competitive skilled labor.
According to the Regulations on the activities of the agency, it creates vocational schools, trains specialists on the job, coordinates their work, takes measures for the development of material and technical base of vocational schools, creates a program of cooperation with employers, prepares and implements a methodology to teach students in informal and formal methods, and coordinates international programs and projects in order to gain experience by local experts. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) forecasts an annual inflation rate of 5.1% by the end of 2024, comfortably within the target range of 4% ± 2%. However, recent data indicate that inflationary pressure has significantly eased over the year: in October, the inflation rate stood at 3.4%, slightly down from 3.5% in September. Official data for November have not yet been released, leaving room for speculation about possible year-end adjustments.
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Azerbaijan, which has been collaborating with the International Monetary Fund (IMF) since September 1992, is currently exploring a new type of partnership with the financial institution.
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The Iğdır-Nakhchivan gas pipeline has been completed on schedule, with an official inauguration expected in the near future, Turkish Consul General in Nakhchivan Asip Kaya announced on Wednesday.
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The Eurasian Development Bank (EDB) is actively exploring the possibility of expanding its shareholder base to include neighboring countries such as Azerbaijan, Turkmenistan, and Mongolia. This was announced by EDB Chairman Nikolai Podguzov at a press conference on December 5, 2024, where he emphasized the importance of expanding the bank’s membership to foster sustainable growth.
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