The average monthly nominal wage of railway workers was 256.1 AZN ($ 240) as of October 1.
According to the SSC, it is the lowest one in the transport sector. According to official statistics, maritime workers receive the highest salary – 1,043 AZN (+ 41.6% YTD).
Meanwhile, the average salary of employees of air transport is AZN 822.3 (+ 4.6%), pipeline companies - 716.9 AZN (1.9%), subway - 583.7 AZN, and vehicles - 476.1 AZN.
The transport sector employs 73.6 thousand people (72.1% - in public transport companies and 27.9% - in private ones).
In information and communication enterprises the average monthly salary is 748.3 AZN, and 26.4 thousand people work in this area. --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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