In the second half pension complete function will be in electronic format.
According to the Chairman of the State Social Protection Fund (SSPF) Salim Muslimov, they have completed work on the software. The new method of charging citizens can contact the local offices of SSPF for approval of information about existing work record.
Now they systematize data on seniority before January 1, 2006. This means that processed and entered into the system data on 28% of the 2 million 435 thousand payers of compulsory social insurance.
Regarding the possible increase in the basic part of labor pensions by 15-20%, Muslumov noted the importance of creating full financial reserves. The work is conducted and the population will soon be informed.
According to official data, the basic part of labor pension in Azerbaijan is 85 manats. The average retirement pension in the last year amounted to 152 manat (+4.9%), and the occupational old-age pension was an average of 168 manat (+42.5%).
According to recent reports, the state fund individual accounts have compulsory insurance 2 million 435 thousand people, with the total number of pensioners in 1 million 272 thousand 136 people. - 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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