The State Labor Inspection Service under the Ministry of Labor is obsessed with the rights of employees .
According to the head of the structure and Deputy Minister Idris Isayev, only in January on 492 violations of rights of employees at 237 companies effective sanctions were applied - employers were fined by an aggregate amount of 339,000 manat ( 23 times more than last year, when employers were trimmed with symbolic fines ) . As a result, employers have signed individual contracts with 924 employees. Most offenders of the legislation are concentrated in the regions, said Isayev .
At the insistence of the inspection also signed 24 collective agreements . Employers are also required to pay outstanding contributions to the state social security fund and salaries ( 90,472 manats) . - 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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