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
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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