In October of this year in Azerbaijan there were legalized 30,400 jobs. Compared to September, the average number of employees in the economy increased by this figure.
In October, the number of employees was 1,425,700 people. It is noteworthy that the trend of growth in the number of employees concerned not only private, but also public sector. Moreover, the number of public sector jobs in the public sector (16,100) surpassed the private sector (14,000).
It should be emphasized that the sharp increase (+1%) had almost no impact on the sector structure of employees. In October, in education worked 23.6% of the employees, in trade and repair of motor vehicles - 19.4%, in industry - 12.5%, 9.4% - in the provision of social health services, in construction - 7.6%, in transport and storage - 4.9%, in agriculture - 3%, etc.
The State Statistics Committee said that, despite the measures taken by the State Service of Labor and the Ministry of Taxes for the legalization of jobs, part of employees still work with the employer without signing an employment contract. - 08D-
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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