Of the 14 951 thousand labor migrants registered in Azerbaijan, the citizens of Latvia are only 14 people. Their length of service, according to a preliminary agreement to sign an intergovernmental agreement, will be considered for the return to their homeland.
As the press service of the State Social Protection Fund (SSPF) said, this and other important issues of today's meeting were dedicated by the Chairman of the Committee Salim Muslimova and the Secretary of State of the Ministry of Social Welfare of this Baltic country Ieva Launzeme during the visit to Baku of the President of Latvia Andris Berzins.
According to Muslimov, since January 1, 2006, work on the recognition of pension and other social rights of Azerbaijani citizens living and working abroad has continued. For example, they have nearly completed the process of signing agreements with Estonia, and to this end, the SSPF delegation will leave for Tallinn.
To date the mentioned agreements have been signed with 10 countries, including Turkey, Georgia, Ukraine, Uzbekistan, and Kazakhstan. Negotiations have been also completed with Estonia, Belarus and the Czech Republic. Due to the migration imbalance there is a problem with the relevant services of Russia, but they will be resolved," said Muslimov. - 17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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