During the control measures in the labor market to eliminate illegal employment, the Ministry of Labor and Social Protection (MLSP) identified in the first half of this year, more than 5,000 workers, with which labor relations were not established.
The press service of the MLSP does not contain the information about financial sanctions applied against employers. Under the law, for each illegal worker the employer shall pay a fine of 1,000 manat. In addition, in respect of the legal person in this case a fine of 25,000 manats is applied.
As for the protection of the interests of workers, in the first half of this year, the Ministry of Labor paid them more than 355 thousand manats of the delayed wages and other payments. --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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