Compulsory Health Insurance Draft to Be Offered to President
The Compulsory Health Insurance Agency has developed a draft, according to which the burden of payment will be divided between the state and the insured persons (employers and individuals).
As the Director of the government agency Zaur Aliyev reported the media today, an effective mechanism for CHI is almost ready and will soon be submitted to the President of the country.
According to him, the scheme provides for all procedures, including appeals of citizens, the provision of services, the amount of insurance premiums and insurance coverage, the maximum ceiling of which is not provided, "because the system is designed, first and foremost, to ensure the health of citizens." --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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