As of April 1, Azerbaijan's economy employs 1,507 thousand people who at the end of a month receive wages. Over the past 12 months, despite government claims on the monthly opening of 10,000 new jobs and reducing the unemployment rate to 5%, the number of employees in the country has decreased by 0.22%.
According to the committee, by the 1st of January this year in Azerbaijan there were 1 516.1 thousand employees, 9.1 thousand more than by April 1.
It is noteworthy that the number of employees in Azerbaijan is stable over the last two years and it has become 27.6 thousand more. According to the same official data, during this period the number of people employed in the economy increased by 144 thousand.
The state is the main employer: as of April 1 the state enterprises and budgetary organizations employed 879.2 thousand people, which is 21.5 thousand or 2.4% less than in April 2014. During this period in the private sector the number of employees increased by 18.1 thousand, or 1.03%. In the last 24 months the private sector gave jobs to 44.8 thousand people. ----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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