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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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