As of February 1, the State Social Protection Fund (SSPF) of Azerbaijan registered 28 215 thousand migrant workers (+ 1.24% or 347 migrant workers to the same period last year.) According to the Fund, the majority (87.83%) of them are men. The largest share of visitors employers and employees, according to tradition, is from Turkey (13,431 people), then Georgia (3,037), and Russia (1,718.) Total in Azerbaijan officially work guest workers from 118 countries of the world, and all of them are registered in the individual registration system. Individual insurance accounts opened On 1 January, 2006 within the framework of the pension reform. --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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