Azerbaijan: Unemployment Rises as Economy Teeters

Azerbaijani President Ilham Aliyev tours a greenhouse complex owned by Azersun Holding in the Khazar district of Baku in July 2012. The devaluation of the Azerbaijani manat last December has forced many companies to cut jobs, including businesses in agriculture, banking, energy, and telecommunications. (Photo: Azeri Presidential Press Service)

Falling oil prices and a recent currency devaluation are spurring businesses to lay off workers in Azerbaijan. But, in a sign of the political sensitivity of the country’s economic downtown, some companies are keeping unemployment numbers under wraps.

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Durna Safarova is a freelance journalist who covers Azerbaijan.

Azerbaijan: Unemployment Rises as Economy Teeters

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