In January-April targeted social aid was received by 113,455 families (494,892 people).
According to the Ministry of Labor and Social Protection, it is 26,774 families, or 19% less than on May 1 of last year. The reason for this phenomenon is the provision of feasible income in social projects to citizens wishing to exit the low-income category.
Moreover, the reduction in the number of beneficiaries has led to increase in the amount of aid by 14.5% - by 1 May, the figure was 144.98 manat per family, or 33.24 manat per recipient per month.
Targeted social assistance covers 234,990 people under the age of 18 years, including 5,507 people with disabilities and 6,329 infants aged up to one year. 32,550 families receiving targeted social help have three or more children. --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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