Wednesday, June 19, 2019

Azerbaijan increases PPP


Azerbaijan increases purchasing power parity (PPP) of the minimum wage (250 manat or $ 147) from September 1 of this year will affect 950,000 workers, including 350,000 in the private sector. To finance this growth, annually 780 million manat will be required from the state budget. This year alone, the government will send 245 million manat for these purposes.

In other words, it will be increased from 180 manat to 250 manat. 70 manats for 42 from 105. Big myth lose its weight on figures... 

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