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 government has allocated a total of 4.83 billion manat ($2.8 billion) from the state budget in 2024 for the reconstruction and restoration of territories liberated from occupation, the Ministry of Finance announced.
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President Ilham Aliyev of Azerbaijan convened a meeting on January 28 to discuss the development of the country's transportation infrastructure, focusing on the challenges facing the capital city Baku and its surrounding areas. Despite significant advancements in infrastructure over the past years, Aliyev acknowledged that traffic congestion remains a growing issue due to the rapid increase in the city’s population.
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Azerbaijan concluded 2024 with state budget revenues of 37.16 billion manats, exceeding forecasts by 2.1% and reflecting a 5.5% increase compared to 2023. Budget expenditures amounted to 37.72 billion manats, resulting in a manageable deficit of 555.5 million manats. Despite the deficit, the government demonstrated fiscal resilience and strategic allocation of resources, supported by higher-than-expected non-oil revenues and prudent expenditure control.
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According to data released by the Ministry of Finance on Monday, Azerbaijan’s external public debt as of January 1, 2025, stood at $5.16 billion, accounting for 6.9% of the country’s GDP for 2024.
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