Baku / 26.12.17 / Turan: On December 25 Azerbaijani President Ilham Aliyev signed an order to increase the minimum wage. Starting from January 1, 2018, the minimum monthly salary is set at 130 manats.
The head of state instructed the Cabinet of Ministers to bring the size of the monthly official wage in the Unified Tariff Scale of employees in the areas financed from the state budget in accordance with the order.
The government is also instructed to prepare proposals on improving the system of labor remuneration and increasing the wages of workers employed in the areas financed from the state budget and submit the proposals to the President of Azerbaijan within three months.
With the increase in the minimum wage, the amount of compulsory social insurance payments to the State Social Protection Fund also increases. They make up 20 percent of the minimum wage.
Thus, from January 1, compulsory social insurance payments will amount to AZN 26.
It should be noted that from February 1, 2016, the minimum wage in Azerbaijan is 116 manats, and the amount of compulsory social insurance payment is 23.2 manats.-06D--
Economics
-
In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
-
Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
-
Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
-
A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
Leave a review