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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’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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