The State Social Protection Fund (SSPF) completed the first quarter with a budget surplus of 25.8 million manat.
According to the Fund, by April 1, its revenues amounted to 751.5 million manat (+ 5.5% versus the same period last year). The largest share of receipts was on compulsory social insurance (410 million manat or 54.6% of total revenues), while 270 million AZN was obtained at the expense of the private sector.
The expenses were at the level of 725.7 million manat, of which 97.6% was for pensions and another 0.4% was for the payment of benefits.
By April 1, 2015 the number of labor pensioners in Azerbaijan amounted to 1 million 293.2 thousand people. The number of contributors to the mandatory social insurance (employees and private traders) was at the level of 3 million 041.8 thousand people. --17D-
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- Social
- 13 April 2015 14:31
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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