Today, the number of able-bodied citizens that provide funds for compulsory social insurance has reached 2 million 581 thousand people. It is 2 times more than in 2003 - said in an interview with the official website Yeni Azerbaijan the chairman of the State Social Protection Fund (SSPF) Salim Muslimov.
According to him, over the past 10 years, the basic part of labor pensions has increased by 7.1 times - up to AZN 100, the average pension reached 170 manat (an increase of 9.2 times). Above the poverty line (the average cost of living is 116 manat, for pensioners - 94 manat) 97 % of the local retirees live - said the senior official.
According to him, over the past 10 years, SSPF revenues increased 7 times. He added that among the CIS countries, Azerbaijan currently ranks third in terms of the basic part of the pension. " In Azerbaijan , the figure is $ 128, in Kazakhstan - $ 185 , in Belarus - $ 129, in the Russian Federation - $ 109.3, in Ukraine - $ 111.8, and in Armenia - $ 31.7 ," he said. - 17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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