About half of the revenues of the state Social Protection Fund (SSPF) for January-March amounted to compulsory employer contributions to social insurance. Received a total of 685.1 million AZN 339.3 million or 49.53% were exactly at this position (127.9 million occurred in the budgetary organizations, 221.4 million - to the private sector). The remaining income (with a few exceptions) - transfers from the state budget.
The share of non-budgetary institutions was the most (62.3%) of the total compulsory social security revenues.
State Fund expenses in the first quarter amounted to 614.9 million manat. On payment of pensions aimed 592.2 million manat. Payments for benefits for various purposes were 13.3 million manats. For modernization, maintenance staff, operations and other expenses spent 9.4 million manat.
Recall that the state fund a balanced budget for 2013 was set at 2 billion 632 million 695 thousand manats. - 17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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