Today is World Day for the elderly. Yesterday the Ministry of Labour and Social Protection of Azerbaijan prepared a draft State Program to strengthen social protection of older people in the years 2014-2020. The document is being approved by the government.
According to official statistics, in the country there are about 400,000 people over the age of 70 years (according to the law "On Social Services", which is the minimum age for the recognition of elderly citizens).
In Azerbaijan, the basic part of the pension is 105 manat on the average monthly pension of 183 manat. Under the law, the limit criterion of need in the country in 2014 is set at 100 manat. Living wage to January 1, 2014 is 125 manat, for able-bodied population - 136, for pensioners - 103, and for children - 103 manat.
According to the ministry, in developing the draft program, the Ministry committed to the principles of the Madrid International Plan of the UN and the Vienna Ministerial Conference on the problems of the elderly, as well as the principles of creating favorable conditions for decent living conditions and enhancing their integration into society. --17D-
Economics
-
On September 20, 2024, Volts Energy Ltd., an engineering company based in Abu Dhabi, and Azerbaijan’s Turan Energy LLC announced the creation of a new joint entity, TuranVoltsEnergy. This venture will focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems within Azerbaijan.
-
The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
-
Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.
-
Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
Leave a review