As of September 1st the number of hired workers in the economy of Azerbaijan amounted to 1 million 520.2 thousand people, which is 900 people less than a month earlier, the State Statistics Committee said.
Reduction of employees was mainly in the public sector, where 887,800 people worked as of September 1, 2016.
It should be noted that according to other data of SSC, at the beginning of 2016 1,176,100 people worked in the public sector. Explaining the big difference in the figures for Turan IA, the expert on labor issues Rovshan Agayev said the majority of these persons are employed in the sphere of defense and other power structures. In compliance with international qualifications, these employees are mostly not added to the category of hired workers in the economy.
In the recently held Cabinet meeting, President Ilham Aliyev said that in the first nine months of 2016 154,000 new jobs were created, of which 121,000 are permanent. During the same period, the government counted 36,000 jobs canceled. --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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