Average pension in the oil industry in Azerbaijan is 370 manats ($ 475) , with 26 thousand "specialized" retirees - the press service of the State Social Protection Fund ( SSPF) .
According to official data, the state-owned oil company as of September 1 transferred to the accounts of compulsory social security 91.5 million manat, in absolute terms, a record for local businesses.
Oilmen of the country have visible benefits - working in the most difficult conditions, a supplement to the salary and retirement for 6 years before their peers. The company has several times arbitrarily reduced staff, renamed, and reduced the production units. As a result of lost archival documents, many thousands of people have not fair accrued pension. -17D-
Economics
-
In July 2024, the State Oil Fund of the Republic of Azerbaijan (SOFAR) reported a sharp increase in currency sales, reaching $826.3 million. This figure is three times higher than the $272.7 million recorded in July 2023 and twice the amount for June 2024.
-
The State Statistics Committee has reported a decline in Azerbaijan's grain production for the first half of 2024, with output totaling 1.96 million tons of grain and legumes, including corn. This represents a 5.6% decrease compared to the same period last year.
-
Azerbaijan's President Ilham Aliyev has issued a decree making significant amendments to existing presidential decrees to align with the new law on payment services and payment systems, effective from July 14, 2023.
-
Azerbaijani President Ilham Aliyev has approved new regulations governing tourism and recreation zones as part of a broader effort to enhance the sector's infrastructure and investment framework.
Leave a review