In January-April targeted social aid was received by 113,455 families (494,892 people).
According to the Ministry of Labor and Social Protection, it is 26,774 families, or 19% less than on May 1 of last year. The reason for this phenomenon is the provision of feasible income in social projects to citizens wishing to exit the low-income category.
Moreover, the reduction in the number of beneficiaries has led to increase in the amount of aid by 14.5% - by 1 May, the figure was 144.98 manat per family, or 33.24 manat per recipient per month.
Targeted social assistance covers 234,990 people under the age of 18 years, including 5,507 people with disabilities and 6,329 infants aged up to one year. 32,550 families receiving targeted social help have three or more children. --17D-
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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