The number of legal labor migrants in Azerbaijan has increased by 3.71% since the beginning of the year (+ 688 persons), amounting to 28 903 migrant workers. This is evident from the report of the State Social Protection Fund (SSPF) of deductions for compulsory social insurance in January-February.
According to the Fund, the majority of registered migrant workers (87.83% or 25 385 people) are men. Total represented are 118 countries, and the Turks lead, as a rule (14 053 people), while from Georgia there are 3,068 people, and from Russia there are 1,749.
In addition, relatively well represented are Iran, India, China, United Kingdom, Pakistan, Ukraine, and the rest behind.
According to the State Migration Service, by the beginning of the year in the country there were about 150 thousand registered foreigners and stateless persons, mostly Azeris from Georgia and Iran.
The process of attracting labor migrants to the payment of contributions for compulsory social insurance started 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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