Military pensioners receive pensions via plastic cards
Servicemen and persons with special military ranks will receive pensions via plastic cards.
The State Social Protection Fund (SSPF) of Azerbaijan has announced a tender for the organization of the system of pensions for this category of people at ATMs.
Under the terms of the tender, the system should be designed for military service, receiving pensions via plastic cards for three years. The tender participation cost is AZN 1,050.
Documents for participation in the tender will be accepted until July 2. The bid opening will be held on July 9. -17D-
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- Social
- 26 May 2014 17:27
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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