In 2015, the number of employees in industrial enterprises of Gandja city, the third largest industrial city in Azerbaijan, decreased by 1,279 people. The annual report of the Executive Power of Gandja noted that 4,875 people are employed in the industrial sector of the city. Thus, last year alone the number of employees in industry in this city with a population of about 330,000 people was reduced by 20.8%.
Over the past ten years the industrial enterprises of Gandja laid off 6,350 people.
A little "better" is the position of the Sumgait workers. In the years 2005-2014, 1,129 jobs were closed in Sumgait.
For comparison, the number of jobs in the industrial enterprises of Baku decreased by 1,527 in 2005-2014.
The government says the opening of 1.5 million jobs in 2004-2015. ---08B
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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