Expert proposes to determine the minimum wage in hourly method
Azerbaijan needs a change from monthly to hourly minimum wage, as is customary in the world. But even in these circumstances, Azerbaijan does not fulfill the requirement of the European Social Charter, according to which, the guaranteed minimum wage should be at least 60 % of the average wage, experts say.
On September 1, the minimum wage in Azerbaijan increased from 93.5 to 105 manat. For this indicator, Azerbaijan occupies the eighth place among the CIS countries. Expert at the Center for Economic Initiatives Samir Aliyev believes that there is no direct dependence of the minimum wage on the average salary. Previously, the salary minimum increase by the government was followed by the wage growth in the private sector, but now this is not observed. In addition, according to the Tax Code, exempt from tax is not a minimum wage but living wage (116 manat in 2013).
According to Samir Aliyev, the country also needs a transition to a minimum payment of wages on a sector basis. But even in these conditions, guaranteed by the state minimum wage in Azerbaijan should be at least 247 manats, as required by the position of the European Social Charter. - 08D-
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.
Rəy yaz