Today's plenary session of the Milli Majlis passed the laws "On Living Wage for 2015" and "On the need criterion for 2015".
According to the first law, the cost of living for 2015 is set at 131 manat, including AZN 140 for able-bodied citizens AZN 108 for pensioners and children. For comparison - this year the cost of living for one person is calculated at 125 manat, including AZN 136 for the working population and AZN 103 for pensioners and children.
Parliamentarians have added five manat to the current need criterion (100 manat). At their will, this figure will be 105 manat next year. Recall that the need criterion is important for determining the amount of targeted social assistance, applicable from January 2006. Its size is determined based on the difference between the "need criterion" and the size of income for each family member. Families, whose income per person, is below this criterion, are the recipients of targeted social assistance. --17D-
Economics
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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