According to the International Labor Organization, the average salary in Azerbaijan is one of the lowest among the 71 countries for which data are available.
According to material published on the website InvestorSsholl.ru, the highest average wage in Luxembourg is 3,722 dollars a month.
Azerbaijan ranks one of the last on the average salary of $303, and is behind poor Georgia and Armenia, which rank 55th and 57th respectively with the index and $430and $404.
Azerbaijan’s index was below of many African and Asian countries, not to mention the poor European countries - Bulgaria, Bosnia and others. The worst situation is in the Republic of Moldova, Mongolia, Tajikistan, Kyrgyzstan and Syria. -02D-
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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