Azerbaijan is planning a full-scale offensive against the negligent employers. Since the beginning of the year the Ministry of Taxes and the State Social Protection Fund (SSPF) joined the fight for the conclusion of individual contracts on employment, and now intensified the Ministry of Labour and Social Protection of Population.
According to Muharram Maharov, the deputy head of the state labor inspectorate of the Ministry of Labor and Social Protection, the pressure will be legal, the amendments to the Labour Code and labor relations are almost ready. The official said that in Azerbaijan employment extends to more than 4.4 million people, but only a third of them work on a contractual basis, which is two times lower than the world average level.
The representative of the inspection said that last year, together with the Ministry of Taxes and the State Fund it became possible to convince employers to sign contracts with 46,735 employees.
The main reason he called a large number of illegal, mostly small businesses. It can be eliminated by making the necessary amendments to the Labor Code, and thereby extending the rules of recognition of a citizen by entrepreneur. - 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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