The United Nations Development Programme (UNDP) will help Azerbaijan to introduce innovations on the basis of the methodology SYSLAB (systemic laboratory of innovation and employment). Financial support for innovation will come from the United States Agency for International Development (USAID).
The corresponding agreement was signed today by the Minister of Labor and Social Protection of Population Salim Muslimov and the new UN Resident Coordinator in Azerbaijan Ghulam Isakzai.
According to Muslimov at the signing ceremony, the project aims to develop the skills of young people to search for jobs and their integration into the labor market. The concept SYSLAB regards modern methods of searching for work, business, system business, the development of office skills, and much more.
The project will last until the end of 2017, and the pilot areas will be the city of Ganja and the town of Masalli, where training for the development of the new methodology will be organized. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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