This year, the services of the State Fund can go to an electronic format
Services of the State Social Protection Fund (SSPF) will become fully electronic. According to the SSPF Chairman Salim Muslimov's meeting with the Caspian Business Club Integrating Europe, today on the website of "electronic government" www.ehdis.az in four areas of the state fund, including a pension calculator, sample applications to change the purpose of pensions and benefits, information for seniors, and information for members there have been recorded 25 types of e-services which in the near future are to increase in the number to 34. For those wishing to learn he named the page http://www.ehdis.az/infoportal/dispatcher?page=cats&actp=mp0&fk_pr=0bgv69f4uo102g&lang=az, which reflects the mentioned services. - 17D-
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- Economics
- 27 February 2013 15:39
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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