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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In a significant step towards advancing economic reforms, Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with a delegation led by Charles Donald, Chair of the OECD Working Party on State Ownership and Privatisation Practices and CEO of the UK Government Investments Agency. The meeting underscored Azerbaijan's partnership with the Organisation for Economic Co-operation and Development (OECD) and explored new avenues of collaboration.
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Azerbaijan is finalizing work on the "E-KOB evi" digital portal, aimed at streamlining business operations and enhancing coordination between entrepreneurs, state agencies, and private entities, Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), said.
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On December 3, Azerbaijan's Cabinet of Ministers approved new regulations requiring small electric transport vehicle operators to provide detailed data on vehicle use and operator information to government systems, effective immediately.
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In November 2024, the State Oil Fund of Azerbaijan (SOFAZ) sold $574.6 million, pushing the total dollar sales for the first 11 months of the year to $6.5 billion. According to SOFAZ, this represents a 40.8% increase compared to November 2023, when sales reached $339.9 million.
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