As of 1 November in the economy of Azerbaijan there were 1,504.7 thousand employees on labor contracts, which is 1.6 thousand less than a month earlier, the State Statistics Committee said.
In October, the number of public sector employees increased by 800 and reached 877.9 thousand. In the private sector there was a reduction of jobs. While by October 1 the private and public enterprises and organizations employed 629.2 thousand people, in the past month the number dropped to 626.8 thousand.
The downward trend in employment in the economy by hiring has been observed since last year. By November 2014, 1 million 507.5 thousand people worked on the basis of contracts. Of these, 883.7 thousand or 58.6% belonged to the public sector. -----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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