Individual accounts on compulsory social insurance as of February 1 belonged to 2 million 993 thousand 735 people (+0.6% or +17 417 people to the beginning of the year).
According to the press service of the State Social Protection Fund (SSPF), among those who have individual accounts of social insurance, 59.1% are men and 40.9% are women.
According to the State Social Protection Fund, the largest number of persons with individual accounts are working citizens from 30 to 40 years old (24.6% of all social insurance payers), under the age of 33 years - 22% of taxpayers, from 40 to 50 years - 21%, at the age of 50 -60 years- 21.2%, and over 60 years - 11.2% of taxpayers.
Recall the pension reform was held on 1 January 2006, as a result of which the country moved to the use of personalized accounting of social insurance. For each payer in this segment individual accounts are opened, which accumulate paid contributions for compulsory social insurance. --17D-
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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