In the third quarter of this year the number of unemployed in Azerbaijan decreased compared to the previous quarter by 1,300, reaching 244.2 thousand people - the Committee reported.
The unemployment rate among young people (15 to 29 years) in the second quarter of 2012 was 10.8%. The proportion of women among the unemployed during this period was 57.9%.
According to the State Statistics Committee, in the third quarter of this year in the country of employment counts 4 million 394.8 thousand people. This is 6.2 thousand more than in the second quarter.
The number of unemployed is based on the requirements of the International Labor Organization. Persons with income over a period of weeks are not considered as unemployed. In the third quarter, the unemployment rate was 5.5%. - 08B-
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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