Seniority of Azerbaijanis in Latvia and Vice Versa to Be Recognized
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-
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- Photo sessions
- 24 April 2013 16:17
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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