As of April 1 this year 3 million 41.81 thousand people in Azerbaijan had individual accounts of social security (+ 2.2% to 1 January).
As stated in the press release of the State Social Protection Fund (SSPF), in the first quarter individual accounts were opened for 22,710 citizens. Of these, 59.1% were men and 40.9% were women.
According to official data, most of the persons with individual accounts are working people aged 30-40 years (24.71% of all social insurance payers). Individual accounts are also open for 21.74% of the social insurance payers under the age of 30 years, 20.84% ??- for people at the age of 40-50, 21.2% - for those at the age of 50-60, and 11.51% - for those over the age of 60.
Recall Azerbaijan has conducted a reform of the pension system since January 1, 2006, as a result of which it launched individual registration of social insurance. For each payer of compulsory social insurance individual accounts are opened and their contributions for compulsory social insurance are accumulated there. --17D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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