Yesterday the presidential order decreed 10% wage increase for employees of organizations of social security budget, agriculture, forestry, land reclamation and water management, environment, hydrometeorology and fish farming. Increase will apply from 1 September.
According to the MP Vahid Akhmedov, pensioners and the poor these days can also expect a 15% increase in pensions and social benefits. Means to promote the welfare of the nominal state employees laid in the state budget this year.
However, in any organization, including the Finance Ministry, they did not give a precise figure budgeted for the increase of salaries, pensions and benefits. The president of the country at the beginning of the year announced a series of steps in advance of the social elections of the head of state, saying that the average salary in Azerbaijan exceeds $ 500 and the average pension is about $ 200.
Turan wrote earlier that the inflation process and the progress of implementation of the law on the state budget can increase wages by 10% without significantly increasing the well-being of the population. Even rumors of increase of pensions and salaries representatives of mass professions (teachers and doctors) encourage the growth of food prices and further on all production of the real sector of the economy.
Typically, the increase in wages, pensions and social benefits in Azerbaijan is not based on public monitoring and strategic studies, and spontaneous - on the eve of defining political events - the same election, for example. The state budget for next year deputies handed out a week before its approval without coordination with the people's representatives, and even more so with non-governmental organizations.
According to figures from the State Statistics Committee, Azerbaijan has the lowest wages received by workers of education (on average, 283 manat per month) and health care (164 manat). Salaries of civil servants (about 29 thousand) in 2012 averaged 448.3 manat. Government and state officials receive from 800 to 1,000 AZN and above.
On spheres of economic activity more than others earn employees of the extractive industry, pilots, communications, finance and insurance companies, transport workers and builders. - 17D-
Economics
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Food prices in Azerbaijan’s capital, Baku, increased by 5% during the first nine months of 2024, highlighting rising inflationary pressures in the domestic market, the Turan agency reported.
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Global grain prices continued their downward trajectory in August, as the FAO grain price index slipped 0.5% from July and a sharp 11.9% year-on-year decline, reflecting weakening demand and intensifying competition among major exporters. Wheat prices were particularly impacted by higher-than-anticipated production levels in Argentina and the United States, exerting additional downward pressure on the international market.
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Azerbaijan’s national air carrier, AZAL, has enhanced its international travel offerings through a new partnership with Ethiopian Airlines, providing passengers with increased connectivity and convenience for global travel, the airline announced on Monday.
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The Azerbaijan Trade Forum, held on October 7, underscored the vital role of small and medium-sized enterprises (SMEs) in enhancing the country’s non-oil exports. Jointly organized by the Small and Medium Business Development Agency (SMBDA) and the Association of Customs and Logistics Companies of Azerbaijan, and supported by Pasha Holding, the event brought together stakeholders from various sectors, including import-export, logistics, production, and customs representation.
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