By June 1, contributions for compulsory social insurance in the State Social Protection Fund (SSPF) paid 24,393 foreign migrant workers (+ 8.3% YTD.)
As stated in the press release of the structure, 88.75% of them are male, 11.25% - women. Total 104 countries have been represented. For migrants are open individual accounts to which they produce accumulate deductions for compulsory social insurance.
Most legal labor migrants are from Turkey (12,702 people), Georgia (2,699) and Russia (1,403.) Then come Iran (924), China (808), India (758), Pakistan (491), Great Britain (410), Bangladesh (308) and Ukraine (307).
Compulsory social insurance in Azerbaijan was introduced on 1 January 2006, since then it is really valid for foreigners working in the country. --17D—
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review