Refrigerator Plant and JSC Birlikbank Do Not Pay Contributions to the State Social Protection Fund
The State Social Protection Fund (SSPF) is going through the courts to compensate the damage caused to it by the Baku refrigerators plant.
According to the note, the capital Court of Appeal headed by Justice Elmira Nagiyeva, having considered the merits of the case, scheduled the hearing for November 5. The statement of claim in the 1st Administrative Economic Court of Baku noted that the JSC Bak? Chinar Soyuducular? has not paid and do not want to pay the sum of mandatory social insurance contributions. The court sided with the manufacturer.
This is neither the first nor the only litigation of the Fund with large and medium-sized employers. Also this week, the Fund's claim against Birlikbank and another two clients - debtors was considered. Overall, since the beginning of the year the plaintiff's claims were brought against more than 200 malicious deviators.
Recall that in the SSPF lists there are about 2.7 million employees of the 5 million of active working population. According to the structure, together with the Ministry of Taxes the list is expanded, but not all employers voluntarily pay contributions under the social insurance system. - 17D-
Economics
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
-
At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
-
SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
-
The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
Leave a review