Individual accounts on compulsory social insurance as of February 1 belonged to 2 million 993 thousand 735 people (+0.6% or +17 417 people to the beginning of the year).
According to the press service of the State Social Protection Fund (SSPF), among those who have individual accounts of social insurance, 59.1% are men and 40.9% are women.
According to the State Social Protection Fund, the largest number of persons with individual accounts are working citizens from 30 to 40 years old (24.6% of all social insurance payers), under the age of 33 years - 22% of taxpayers, from 40 to 50 years - 21%, at the age of 50 -60 years- 21.2%, and over 60 years - 11.2% of taxpayers.
Recall the pension reform was held on 1 January 2006, as a result of which the country moved to the use of personalized accounting of social insurance. For each payer in this segment individual accounts are opened, which accumulate paid contributions for compulsory social insurance. --17D-
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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