Rovnag Abdullayev, SOCAR President, has signed a decree to ensure employment of the workers laid off from various SOCAR’s plants.
According to the decree, the commission led by Eldar Orujev, chief of SOCAR’s Legal Department, has been created to implement the program. The commission will
- Set up Oilmen’s Club in line with the corporate standard Charity, Social Sponsor Assistance
- Control work of the company’s plants within the framework of the program;
Work out the estimate cost of the executive organization;
- To ensure that participants of the program are a part of the voluntary medical insurance of SOCAR;
- Take measures to employ workers laid off from the contractor and sub-contractor companies;
SOCAR Vice Presidents Halik Mammadov and Suleyman Gasymov have been instructed to supervise the program implementation.
Since early 2014 SOCAR has started reforming its subdivisions. Several thousands of employees have lost their jobs. SOCAR has made a decision on social protection of these employees.—0--
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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