The employees of the state labor inspection services in the Ministry of Labor and Social Welfare in the first half of the year revealed 8,076 violations of labor legislation (minus 12.8% against July 1 of the previous year).
According to the press release, in connection with the abuses administrative penalties of 2 million manat were imposed and 53% or 1,047,777 manat of that was transferred to the state budget (+119,421 manat or +12.8% to the same period last year).
Most of the violations were found in the private sector, particularly in shopping centers, catering facilities, as well as in wholesale and construction. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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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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