Most of the people employed in various sectors of the economy work under employment contracts.
According to the State Social Protection Fund (www.dsmf.gov.az, www.sspf.gov.az), they conducted the survey of one thousand respondents, and revealed that without the formalization of relations with the employer 13.6% of the people are employed. 58.1% have signed long-term, and the rest - short-term contract for execution of a specific project.
According to the poll, 28.3% of the respondents are not familiar with tracking personal data on pension accounting services through electronic "e-government".
The Fund informs the working population that through the site https://www.e-gov.az it is possible to track their personal contributions to the state fund and count the future pension through the virtual calculator. - 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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