As previously reported by Turan, in several parts of Baku a delay of pensions and social benefits has been observed in July. Thus, in the Surakhani district the citizens began to take their pensions from ATMs of Capital Bank on July 14.
As the head of the press service of the Ministry of Labor and Social Protection of Azerbaijan, Elman Babayev, told Turan, the reasons are purely technical and are mainly related to the fact that the Ramadan festival with two days off came in the beginning of the month. In fact, the financing of pensions, allowances, stipends and other social payments is made in full. Thus, according to the protocol on division of transfers between the Ministry of Finance and the Ministry of Labor, in July 81.1 million AZN was transferred to the State Social Protection Fund. In general, 741.3 million AZN was transferred in the 7 months plus the revenue side of the State Fund.
Recall that a presidential decree "On measures of management improvement in the field of social protection" included the state fund in the integral structure of the Ministry of Labor, which means one-man management and good governance, an integrated approach and the application of ICT for the appointment of pensions and other social payments on the principle of "single window". --17D-
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review