The number of legal labor migrants in Azerbaijan since the beginning of the year increased by 17.65%, amounting to 26.5 thousand. This is evident from the report of the State Social Protection Fund (SSPF) of deductions for compulsory social insurance.
According to the Fund, the majority of registered migrant workers (88.3%) are male. Total represented are 114 countries. The leaders are, as a rule, are the Turks (13,439 people), Georgians – 2,903 people, Russians – 1,578, Iranians - 957, Indians - 924, Chinese - 843, the British people - 539, the Pakistani people - 525, and the other behind.
Start of the process of attracting migrant workers to paying contributions for compulsory social insurance falls on 1 January 2006. --17D-
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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