The contributions for compulsory social insurance was 58.8% of the total revenues in the State Social Protection Fund of Azerbaijan (DSMF). As of August 1, for the first time in the individual accounts of employees settled 975,700,000 manat, they told Turan in the Fund, linking it to the identification of new "gray" employers.
In total, according to the Fund, for 7 months of this year, its revenues amounted to 1 billion 660 million manat with almost identical costs - 1 658 800 000 manat. There is a small surplus - 1.2 million manat.
On the Law on State Social Protection Fund deficit budget for this year revenues and expenses are provided at the level of 2,928,452,000 manat. Transfers from the state budget revenues will amount to 1,142,033,600 manat.
Among the most significant items of expenditure there is payment of pensions (2 788 619 000), social security contributions for the mandatory insurance (73 176 000) and grants for various purposes (73 million). The running of the central and local offices of SSPF will cost 25.534 million manat. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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