By 1 November individual accounts of social insurance belonged to 3,336,912 people (+ 4.9% or 156,758 index cards by 1 January), the press service of the Ministry of Labor and Social Protection said.
More than a quarter (25.5%) of the accounts regard workers aged 30 to 40 years. Oddly enough, in the second position (21.1%) are workers aged 50 to 60 years, followed (20.2%) by young people under 30 years, and 20.1% are those who are 40 to 50 years old. Workers over the age of 60 years are behind - their share is 13.1%.
Individual records of social insurance in Azerbaijan have been applied from 1 January 2006 as a result of the reform of the pension system. On retirement, the basic pension is accrued a part based on mandatory contributions to the State Social Protection Fund. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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