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The second forum of human resource management is held in Baku. The event is organized by the insurance company Pasha Hayat Sigorta, and the main speaker was the Deputy Minister of Labor and Social Protection of Population Idris Isayev.
According to him, by 1 November the employment agencies were applied for employment by around 190 thousand people, of which 53 thousand were provided with jobs, and 11 thousand received the status of unemployed in the hope of receiving benefits. "By the beginning of the year the most critical state of unemployment was among young people - according to the official data at the beginning of the year, 13.5% of them did not work, and now this figure has grown due to the economic situation - the numbers will be announced at the end of the year," said the deputy minister.
Since January, 339.2 thousand labor contracts have been concluded and 312.6 thousand contracts have been canceled in part due to closure and downsizing. For example, in the construction sphere more than 4 thousand people and in the financial sector 2.7 thousand people have been sacked. --17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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