...

Money transfer of Azerbaijani migrants from Russia rather exceed money transfer to other countries: Minister

Business Materials 23 January 2009 18:14 (UTC +04:00)

Azerbaijan, Baku, Jan. 23/ Trend U. Ismaylova/

Money transfer of Azerbaijani migrants rather exceed money transfer of migrants-citizens of other countries, Fizuli Alekperov, minister of labor and social protection of Azerbaijan's population, said at the staff meeting dedicated to results of 2008.

"Money transfer of Azerbaijani migrants from Russia reach 1% of country's GDP," Minister said.

Monthly, each person transfers more $5,800 to Azerbaijan that reaches 1% of GDP annually, he said.

According to the Russia's Statistics, 69,000 Azerbaijani migrants work in Russia, average term of stay in the country makes up 25 months. Azerbaijan's economy is rather strong and migrants assist their families sufficiently but it isn't serious factor which can impact economic situation of the Republic, Minister said.

"Presently, Azerbaijan has enough volume of labor resources and employment of country's citizens abroad is welcomed as promotion of Azerbaijanis' interests and lobbying not only in CIS countries but in Europe," Alekperov said.

Have any feedback? Contact our journalist at: [email protected]

Latest

Latest