Azerbaijan Raises Minimum Wage and Pension
Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
The Cabinet of Ministers has been instructed to submit a proposal to the President of the Republic of Azerbaijan within one month to raise the minimum amount of the labor pension from 280 to 320 manats from February 1, 2025.
In addition, the Cabinet must align the monthly base salaries of employees funded by the state budget with the new minimum wage threshold within the same one-month period. Proposals to increase social benefits and stipends are to be presented to the president within three months.
The decree also mandates the Cabinet to address other related matters stemming from the reforms, underlining the government's commitment to bolstering the welfare of its citizens.
The measures are part of Azerbaijan’s ongoing efforts to enhance living standards amid economic reforms aimed at ensuring social equity and financial sustainability.
Leave a review
Economics
-
Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
-
Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
-
On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
-
In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
1 comment
Ruslan
2024-12-23
Это не повышение а издевательство посмотрите как живут чиновники депутаты министры проблема в том что Азербайджанский народ давно уже мог получить хорошую пенсию и зарплату с первых нефтяных газовых денег но бюджет страны принадлежит не народу а власть имущим вот и по 20 30 манат поднимают каждый год пенсию зарплату рабочему классу копейки можно сказать а сами буржуи живут на широкую ногу воруя деньги из бюджета нефтяная эра подходит концу а народ так и не увидел хороший жизни потому что бюджет превратился в кормушку для чиновников....