The central treasury account of the State Social Protection Fund (SSPF) accumulated 30 million manat as provision for the payment of pensions and social benefits. All in all, by April 25, the May retirement pensions were transferred 174 million manat.
As noted in the sector of public relations fund, this information is intended to dispel public doubts. For example, some media reported a delay of pensions, but it is not true.
In fact, the question should be raised so - pensions are delayed, but not for the fault of the State Social Protection Fund. It turns out that the blame for the authorized banks (mainly IBA and Capital), which attracted the majority of recipients of pensions and social benefits. In remote areas at the beginning of the year there is a delay of 10 or more days, which for a citizen with an average benefit of 152 manat and retirement pensions of 168 manat is a very severe blow. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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