About half of the revenues of state social security fund in January and February fell to mandatory employer contributions for social insurance. From the collection of 205 million 74.9 million fell to the budget sector, 130.1 million - to the private sector, which provided a budget surplus in the state fund of 14.8 million manats.
The share of budgetary institutions was most (63.4%) of total revenues, reached 439.6 million manat. Transfers from the state budget 137.2 million, other income 300 thousand manats.
SSPF expenses for two months totaled 407.5 million manat. Had on the payment of 401.93 million, of which most were retired - 393.7 million.
Recall that the state fund budget for 2013 was set at 2 billion 632 million 695 thousand 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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