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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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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