Expanded the market of compulsory insurance against diseases and accidents at work.
The President signed an executive order on the eve of the entry into force of amendments to the Law of the Republic of Azerbaijan "On Physical Culture and Sports" . According to the new text of Article 16.8 of the law, under the contract of compulsory insurance will be concluded with the participants Paralympics, Deaflympics, Special Olympics sports. The new text of Article 60 is intended to cover the compulsory insurance for all professional athletes and coaches.
In Azerbaijan, Turan said the press service of the Ministry of Youth and Sports, in 8940 sports sports institutions involved 423,000 people. Of these, 1,000 are professional athletes. Together with the coaches at all levels , judges, sports doctors , other specialists compulsory insurance market will expand by about 10 000 people. - 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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