Formal employment is growing
In January, unemployment status was obtained by 552 people, and unemployment benefit was appointed to 621 citizens.
As stated in the State Employment Service of the Ministry of Labor and Social Protection of Azerbaijan , has on its account and to ensure employment as a temporary or permanent - the opportunity is given to citizens in 1905 .
In addition, in January 150 people were sent to training courses in accordance with the requirements of the labor market. As of February 1, 13 people were involved in paid public works.
In the cities of Baku, Sumgait, Ganja and Mingachevir 314 people were employed in temporary jobs through labor exchanges," the statement reads.
According to the State Statistics Committee, as of 1 January of this year officially registered 36,209 unemployed persons (previous year was 36,791). Unemployment benefit was 268.5 manat (previous year - 224.1 manat ) .
By the beginning of the year the number of able-bodied population was 4 million 757.8 thousand 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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