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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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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