The official status of unemployed in Azerbaijan is at 28,893 citizens (minus 21% at the beginning of the year), - the State Statistics Committee said. Most of the people with a "status" of unemployed live in Baku, which is about 11 200 people. In the Nakhchivan economic region citizens are deprived of all such status.
Within 10 months of this year the Ministry of Labor and Social Protection held job fairs, where 161 employers provided 16,781 job vacancies. Through these fairs directions for work were received by more than 4,800 unemployed. Another similar fair is held today, November 21 in Sumgait.
On November 1 of this year, unemployment benefits (average 268.3 manat) are received by 1,417 persons, which is 2.2 times more than in the beginning of the year.
According to the methodology of the International Labor Organization, in Azerbaijan unemployed are 238,500 people, with 4,828,300 members of economically active population. Many unemployed do not apply to the Employment Service under the Ministry of Labor, because they do not trust them: Contrary to the law, many employers do not provide information about job vacancies, and information available in a database includes only low-paying jobs that do not require training. --08D--
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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