The number of registered migrant workers in Azerbaijan is growing.
According to the State Social Protection Fund (SSPF), YTD increase of foreign labor was 2 544 persons or 15.6 %. As of October 1, they are 16 297 people, of whom only 9.8 % are women.
Most are citizens of Turkey (9 498, or 58.3 % of all migrants), followed by Georgia - 1 762 and Russia - 827 representatives.
They are followed by Iran (532 people), China (396), India ( 399) and the UK ( 240 ) . Total in Azerbaijan officially registered migrant workers from 99 countries in the world. These figures do not fully reflect reality. Many foreigners that come for the construction of large-scale investment projects are exempt the Migration Service.
The adoption of a mandatory registration of foreigners with the State Social Protection Fund began on January 1, 2006 . - 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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