Baku hosts a meeting of the Minister of Labor and Social Protection of Population Salim Muslimov with the project manager of the Asian Development Bank (ADB) Giovanni Capanelli to review employment policy in Azerbaijan.
According to the report of the Ministry with reference to the representative of ADB, the bank studies are needed to understand the stability of the economies in the countries of the region.
According to Muslimov, from 2003 to 2016 there opened more than 1.4 million jobs plus 37,000 in the first quarter of this year. The Minister also noted the positive dynamics of the demographic with an annual population growth rate by an average of 1.3% - by April 1, it had a population of 9 million 723.5 thousand people.
The Minister noted the preparation of the employment strategy in the years 2016-2025, as well as the willingness to listen to the recommendations of the study group of ADB. --17D-
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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