State Statistics Committee of Azerbaijan Reports Growth of Average Wage?
On 1 April 2015 the average salary increased by 1.1% to AZN 449.5 against AZN 444.5 as of March 1. On February 1, on the eve of the devaluation, the average salary amounted to 444.4 manat.
However, in dollar terms, after the 33% devaluation, the average salary decreased about 27.7% and the loss amounted to 123 manat. Before the devaluation the rate was USD 1 = 0.782 AZN. In addition, the purchasing power of the manat dropped due to the rise in import prices, especially for non-food, primarily for office equipment, which recorded growth of about 30%. -0-
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- Economics
- 13 May 2015 12:47
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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