In Azerbaijan, there are nearly 35,000 recipients of presidential benefits
By April 1, the number of beneficiaries of monthly presidential allowances for special merits before the state was 34,876.
According to the Ministry of Labor and Social Welfare, of them 182 are National Heroes of Azerbaijan with the benefit for 1 000 AZN, 12,983 - Families of Martyrs ( AZN 200 ), 121 - Families of Martyrs of the tragedy of January 20, 1990 ( AZN 300 ), 159 – Popular title holders (100 AZN) and 1,762 – holders of the title Honored (60 AZN).
In addition, there are 18,262 disabled war veterans and the equivalents - 320 disabled persons in connection with the events of January 20, 1990, who receive a monthly pension presidential (disabled group I - 150 manats , II group - 130 manats , III group - 100 manats). The presidential pension of 100 manat a month is also paid to 629 participants of the Great Patriotic War.
And yet 424 people receive monthly pension honorary presidency in 1,000 manats. The average monthly benefit for persons with special merits to Azerbaijan, as of May 1 is 157 manats (+ 35.3 % compared with the period a year earlier). - 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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