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Baku/19.05.23/Turan: As of April 1, Azerbaijan had 1.101.900 pensioners, which is the lowest figure for the entire thirty-year period since independence.
According to the State Statistics Committee with reference to the State Social Security Fund, in the first quarter of this year alone, 12,300 people lost their pensioner status. In 2022 the number of pensioners in Azerbaijan dropped by 86.300 people.
As of April 1 this year, 63.5% of them were old-age pensioners, 23.7% - disability pensioners. The remaining 12.8% are families, which lost their breadwinner.
Average size of labor pensions in Azerbaijan in the first quarter of this year amonted to 432.3 manats ($253.3) per month, which is up by 16.2% from the beginning of the year. According to the SSC, this makes up 48.0% of the average monthly wage in the country.
In 1991, there were 1,127,000 pensioners in Azerbaijan. In 2006, their number reached the highest point - 1,398,839. By the end of 2020 there were 1 million 270.500 people receiving occupational pensions. -08B-
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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