In the fourth quarter of 2015 the number of unemployed in Azerbaijan increased by 8.2 thousand people. At the beginning of January this year there were 243.7 thousand unemployed, the State Statistics Committee told Turan.
In Azerbaijan the number of unemployed dropped to the level of the IV quarter of 2012. Over the past three years, according to estimates of SSC, the number of people employed in the economy increased 226.3 thousand.
Only in the IV quarter of 2015 the number of people employed in the economy increased by 15 thousand and reached 4 million 671.6 thousand.
Note that the official status of the unemployed is enjoyed by 28.9 thousand people. ----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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