The State Social Protection Fund (SSPF) established a coordination committee, said today the chairman of this structure Elman Mehdiyev.
According to him, innovation is consistent with the concept of reform of pension provision for 2014-2020 and is intended to make transparent to the public pension reform.
The Commission will, in the words of the chairman of the state fund, provide the public with all draft regulations for the execution of the concept. The package includes the documents to optimize the structure of social insurance regulations applicable insurance principles minimum seniority, promotion delay retirement, reduce the use of mechanisms of interest in retirement, limiting early retirement and so on.
In Azerbaijan, there are more than 1.2 million retirees .-- 17D-
Economics
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Azerbaijan’s SOCAR Polymer has reported a substantial rise in propylene exports, marking a 65% increase in September 2024 compared to previous months. This surge comes amid a general slowdown in polypropylene exports, which declined by 17.8% over the January to September 2024 period.
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Azerbaijan’s Parliament has amended the country's tourism law to restrict certain industrial activities within tourism and recreation zones, reinforcing environmental protections aimed at sustaining the appeal of these areas to tourists and safeguarding local ecosystems. The new amendment, endorsed by President Ilham Aliyev, introduces Article 19.5 to the “Tourism Law,” specifying prohibitions on industrial operations deemed harmful to tourism areas.
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The Baku-Tbilisi-Kars (BTK) railway, launched on October 30, 2017, celebrates its seventh anniversary, showcasing robust growth in freight transportation. According to Azerbaijan Railways (ADY), BTK, a vital link within the Middle Corridor, increased its annual freight capacity from 1 million tons at its inception to 5 million tons following modernization work completed in May this year.
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, announced on social media platform X that a high-level session of the Baku Initiative on Climate Finance, Investment, and Trade (BICFIT) is scheduled for November 14 during COP29.
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