The forecast of revenues and expenditures of the balanced budget of the State Social Protection Fund ( SSPF ) of Azerbaijan for 2014 amounted to 2 billion 928.5 million manat (+11.2 % compared with the data of the year ) .
Less than half (39 % or 1 billion 142 million manats ) SSPF revenues will be generated by transfers from the state budget . Contributions to the state fund of social insurance of employees of budgetary institutions is projected at 541.3 million manat (up 6.1%) .
The remaining revenues of the fund will be provided by contributions for social insurance from the private sector and other income.
Revenues and expenses SSPF for 2013 were approved at 2 billion 632 million 695 thousand manats. - 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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