Baku / 14.09.17 / Turan: As of August 1, the economy of Azerbaijan employed 1 million 524.9 thousand people. According to the State Statistics Committee, this is 11,000 more than in the beginning of this year, less than a month earlier.
Over the month, the number of people hired to work in the economy fell by 2,800, which was mainly due to the public sector. As of August 1 this year, the public sector employed 879,000 people, 2,100 less than in early July.
According to official data, the unemployment rate in Azerbaijan is 5%. Independent economists disagree with this indicator and note that the majority of rural residents should also be referred to the unemployed, since they do not have a permanent source of income. The government attributes this category of persons to the employed population, and justifies its attitude by the fact that these individuals have private agricultural land plots. -------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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