According to the State Social Protection Fund (SSPF) at the Ministry of Labor AR, 3,352,983 individual social insurance accounts were registered by December 1 (+ 5.4%, or 172.83 thousand to January 1).
According to the Ministry of Labor reported that most of the insured (59.27%) are men. Just over a quarter (25.6%) is aged 30 to 40 years. Slightly less (20%) is under the age of 30 years, 21% - from 50 to 60, 20% - 40-50, and the rest - over 60 years.
Recall that in the country there are 4.7 million working people. The reform of the pension system started in Azerbaijan on January 1, 2006, within which the system of individual registration of social insurance was introduced. --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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