The Labor Center of the Organization of Islamic Cooperation (OIC) will be located in Baku. It was stated jointly by the Ministries of Foreign Affairs and of Labor and Social Protection of Azerbaijan.
The Charter of the OIC Labor Center in Baku was approved at the last meeting of the OIC Foreign Ministers in Tashkent on October 18-19. According to the Charter, the headquarters of the OIC Labor Center will be located in Baku.
Azerbaijan took the initiative to establish the center within the second Conference of the Ministers of Labor of the OIC member countries held 25-26 April 2013 in Baku. ----71D
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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