Most of the people employed in various sectors of the economy work under employment contracts.
According to the State Social Protection Fund (www.dsmf.gov.az, www.sspf.gov.az), they conducted the survey of one thousand respondents, and revealed that without the formalization of relations with the employer 13.6% of the people are employed. 58.1% have signed long-term, and the rest - short-term contract for execution of a specific project.
According to the poll, 28.3% of the respondents are not familiar with tracking personal data on pension accounting services through electronic "e-government".
The Fund informs the working population that through the site https://www.e-gov.az it is possible to track their personal contributions to the state fund and count the future pension through the virtual calculator. - 17D-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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