MOST READ NEWS
Global crunch raised Azerbaijan’s reliance on oil: researchers
BAKU – The world financial crisis has increased the Azerbaijani economy’s reliance on oil, local researchers have concluded.
Experts of the Economic Research Center (ERC) have said that according to official estimates, the number of lost jobs tripled and that of opened jobs decreased by 35,000 in 2009 in comparison with 2008.
Research conducted by the ERC revealed that mostly middle-aged and elderly people became unemployed. Moreover, people with university degrees accounted for most of the jobless during the crisis period, the experts said.
But Azerbaijani officials have repeatedly said the global crunch has not affected the economy of the fast-growing South Caucasus republic.
TAGS: Azerbaijan, Baku, world financial crisis, economy, oil, Economic Research Center, South Caucasus republic
Azeri speaker criticizes CoE policies
04.02.12 12:32Azerbaijani Parliament Speaker Ogtay Asadov has criticized the Council of Europe parliamentary assembly, saying it was baseless to scrutinize the issue of “political prisoners” in any country given the absence of PACE’s relevant legal documents and fully outlined criteria.
U.S. defense chief downplays speculation of Israeli attack on Iran
04.02.12 12:34U.S. Defense Secretary Leon Panetta has downplayed a U.S. newspaper report suggesting he believes Israel is planning a military strike -- perhaps as early as spring -- against Iran`s nuclear facilities.
OTHER TOP STORIES
- Baku airport gradually resumes flights
- EU gas supplies down as Ukraine, Russia trade blame
- Socar said to buy fuel oil from Essar for February
- Socar’s investment in Ukraine top $85m
- Azeri energy firm eyes Turkish gas distributor
- Socar to place debut Eurobond issue next week
