The Labor Center of the Organization of Islamic Cooperation (OIC) will be located in Baku. It was stated jointly by the Ministries of Foreign Affairs and of Labor and Social Protection of Azerbaijan.
The Charter of the OIC Labor Center in Baku was approved at the last meeting of the OIC Foreign Ministers in Tashkent on October 18-19. According to the Charter, the headquarters of the OIC Labor Center will be located in Baku.
Azerbaijan took the initiative to establish the center within the second Conference of the Ministers of Labor of the OIC member countries held 25-26 April 2013 in Baku. ----71D
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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