According to the State Social Protection Fund (SSPF), by March 1, there were registered 3 million 210 thousand 647 individual social insurance accounts (+ 1% to 1 January)...
As stated in the Fund reports, most of the insured (59.27%) are men. Just over a quarter (25.13%) is aged 30 to 40 years. Slightly less (20.99%) are those under the age of 30 years, 21.13% - from 50 to 60, 20.31% - 40-50, and 12.43% - over 60 years.
Recall that in the country there are 4.7 million people working. The reform of the pension system started in Azerbaijan on January 1, 2006, within which the system of individual registration of social insurance has been introduced. --17D-
Economics
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
-
Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
Leave a review