In cooperation with the Tax Inspectorate individual accounts of social insurance in the first half were supplemented by 15 412 units or 0.5%. In total, as of July 1, the owners of these accounts were 3 million 98 thousand 817 people, according to data released by the State Social Protection Fund (SSPF).
It was noted that the majority (59.1%, or 1,831,564 people) of the insured are men, while 40.9%, or 1,267,253 people are women. Regarding age groups - most insured in SSPF are citizens from 30 to 40 years old (24.84% or 769 703). The proportion of young people under 30 years is 21.59% (669 101), at the age of 50 to 60 years – 21.15% (655 449), from 40 to 50 years - 20.69% (641,144 people), and older than 60 - 11.73% (363 420).
Recall from January 1, 2006 the country according to law "On labor pensions" has moved to the use of a personalized (individual) accounting of social insurance. For each payer of contributions for compulsory social insurance individual accounts are opened, which accumulate paid contributions for compulsory social insurance. --17D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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