From January to May, the number of legal migrant workers in Azerbaijan rose by 7.6% - up to 29,994 people.
As stated in the press release of the Ministry of Labor and Social Protection of Population, most of the migrant workers are men (89.1%), having individual account in the state social insurance system.
Registered in the Ministry are citizens of 120 countries, where the leaders are Turkey, Georgia and Russia. Further, in accordance with the number, they are followed by India, Iran, China, Bangladesh, the United Kingdom, Pakistan, Ukraine and the Philippines.
The process of attracting labor migrants to the contributions for compulsory social insurance started from January 1, 2006. --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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