The number of accounts insured in SSPF increased by almost 204,000 manat over the year
Individual accounts of social insurance in Azerbaijan by January 1, had 3.180.154 (+ 6.84% per year.) Today’s press release from the State Social Protection Fund (SSPF) reads that over the year the increase in absolute terms amounted to 203,836 units.
Most insured (59.2%, or 1,882,800 people) - men, 1.297.354 - women. More than a quarter (25.08%) of the insured in the fund - working between the ages of 30 to 40 years, 21.15% - at the age of 30, 21.14% - aged 50 to 60 years, 20.43% - aged 40 to 50 years, 12.2% - over the age of 60 years. Social Security Government passed to an individual account on January 1, 2006 in accordance with the law "On labor pensions". --17D-
Economics
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Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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