Number of labor migrants registered in Azerbaijan grows.
The State Social Security Fund reported that since early year number of foreign labor force increased by 13.1%. By July 1, 2013 their number reached 15,824 people.
Majority of them are Turkish citizens (9,621 or 60.8% of all labor migrants), then come Georgian citizens – 1,723 and then Russian citizens – 799.
Iran (514 people), China (390), India (381) and UK (234) are relatively active. The labor migrants from 97 world countries are officially registered in Azerbaijan. But this figure does not reflect the reality. Many foreign residents brought to build big investment objects are not registered by the migration service.
The obligatory registration of foreign citizens by the Social Security Fund started on January 1, 2006.—0-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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