In Azerbaijan, the youth unemployment rate is 9.7%, the Minister of Labor and Social Protection of Population Salim Muslimov said today during a meeting with the deputy head of the UN Development Programme, Regional Director for Europe and CIS Bureau Cihan Sultanoglu.
He optimistically described the figure - the country, according to UN estimates, is among the top ten leading countries in this sector, and in creating jobs it focuses on the non-oil sector. “In the first half of the year 90,000 jobs were created, of which 78,000 are on a regular basis,” the Minister added.
According to Turan, the unemployment rate is much higher, as for many able-bodied villagers, and that is about 40% of the workers, land plots devoid of infrastructure and located a long way from their places of residence are fixed. According to the Committee, the owners of those plots are considered employed, but in fact they do not have earnings. --17D-
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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