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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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BP, which has been operating in Azerbaijan for almost 32 years and is a strategic partner of the country, has outlined its steps for 2025 and the medium-term future, both for ongoing projects ("Shah Deniz," "Azeri-Chirag-Gunashli" – key fields of the country) and for the "green" project of creating the Shahdag Solar Power Station (SPS) in the Jebrail district. BP's vision was shared by Vice President for the Caspian Region, Bakhtiyar Aslanbeyli.
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Last week, another round of negotiations between SOCAR and Tatneft took place in Baku, as the two companies have been discussing potential cooperation for the past three years.
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
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