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
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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