The State Statistics Committee of Azerbaijan has published the results of selected statistical study on the economic activity of the population, according to which it found about 230 thousand illegally employed people.
According to statistical reports, the number of employees in the economy on 1 July this year was 1,391.5 thousand. In other words, either a part of the working population hides its activities from the tax authorities and the state department to determine targeted social assistance or private companies do not make out labor contracts with the employees. This is evidenced, for example, by the report of the Ministry of Taxes on the results of measures for operational control. Only in August they found 289 people illegally employed by 171 employers.
Note that from the beginning of this year, the official number of employees has grown by about 10 thousand people.
In July, the public sector employed 850 thousand people, and the private sector employed 541.5 thousand. - 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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