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Baku/29.12.21/Turan: From January 1, 2022 On December 29, President Ilham Aliyev signed a law On Amendments to the Law "On Labor Pensions".
According to the amendments, from January 1, 2022, the size of labor pension will be raised from 200 to 240 manats.
The increase covers 65 thousand pensioners. Of these , 44 thousand . these are currently existing pensioners. Another 21 thousand are persons who will retire after December 31, 2021. There are 1.2 million pensioners in the country.-02D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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