The calculation of March pensions for the population will be completed by 15 March.
According to the State Social Protection Fund (SSPF), there has already begun the necessary transfer of pension funds to individual regions and cities to the accounts of local branches of SSPF to finance pensions for March. "The process at the national level will be fully completed until mid-March, and pensions will be transferred to the personal accounts of pensioners on the previously established schedule," the report says.
According to the State Fund, currently the number of labor pensioners in Azerbaijan is 1 290 882 people, of which 60.8% receive old-age pensions, 28.3% - on disability, 10.9% - on the lost of the breadwinner. --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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