Deductions under compulsory social insurance will cover all employees.
The corresponding decree approving the Law on Amendments to the Law on Social Insurance, adopted by Parliament on October 17, has been signed by the head of state. According to the document, the tightening of requirements for employers is due to the fact that many of them did not include employees in the social security system. At the same time, employers relied on arguments such as overdue contract of a worker or unwillingness to enter into an employment agreement.
Under the amendments, mandatory state social insurance applies to persons working without a labor agreement (contract) or on an expired contract.
In addition, the President issued a decree that gives three months to bring the legal framework in line with the amendment. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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