Today the State Statistics Committee (SSC) reported on wage employment in the economy, according to which from January 1 to June 1 the number of employees working for ‘paycheck to paycheck’ increased by 5.9 thousand people. On Sunday, President Ilham Aliyev stated a figure 13 times higher than the SSC report.
According to SSC, as of the first of June this year, the number of workers employed in the country amounted to 1 million 501.7 thousand people, of which 891.3 thousand work in the public sector. For the five months the public sector provided jobs to 13.9 thousand people. During this period, 8,000 people lost their jobs in the private sector.
At the Cabinet meeting on July 10, President Ilham Aliyev said that in the six months 90,000 new jobs were created in Azerbaijan and 78,000 of them are permanent. He stressed the closure of 26,000 jobs. -----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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