Public Service Labour Inspectorate under the Ministry of Labour and Social Protection of Azerbaijan in July 1840 revealed violations of labor laws (2.5 times more than in July last year) in various institutions.
According to Department of Public Relations Office, penalties applied to employers in accordance with the relevant paragraphs of the Code of Administrative Violations. State budget in July due to the sanctions added 125,059 manats.
Previously, until the autumn of last year, the Labour Inspectorate nominally fulfilled the duties, which is why employment in the country by 60% was a "gray". Not concluded not only collective, but individual contracts between the employee and the employer. - 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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