Baku hosts an international seminar on "evaluation of policies, programs and institutions in the field of youth employment". The event was organized by the Ministry of Labor and Social Welfare, together with representatives of the International Labor Organization.
According to the performance of the profile minister Salim Muslimov, his organization has begun to develop a new concept of youth employment component, in his words, 28.5% of the population.
"Currently, in accordance with the existing conditions and demographic changes and the prospects for development and economic priorities of the country, the concept of employment is developed in order to create long-term employment policy. This concept will play an important role in raising the employment rate of young people," he said. --17D-
Economics
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BP, the operator of the Shah Deniz gas condensate field, announced on Sunday that production from the Shah Deniz Alpha platform resumed on the evening of January 18. This followed the complete resolution of a technical issue with the subsea condensate export pipeline between the Shah Deniz Alpha platform and the Sangachal terminal.
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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