Azerbaijan's Unemployment Crisis
Azerbaijan's Unemployment Crisis
BLOG: With a large grey economy and poorly observed labour laws, Azerbaijanis who lose their jobs have little support. Large scale unemployment followed the second devaluation of Azerbaijan’s currency. Government agencies and private companies alike started to make cutbacks, with the most serious said to be in the banking sector. Hundreds lost their jobs in state-owned enterprises such as Azeriqaz and Azerenergy, while smaller retail businesses have also been badly hit. Read More