Azerbaijan increases unemployment insurance receipts by more than 12%
In January-October 2024, receipts on unemployment insurance premiums in Azerbaijan totalled AZN 167 million. This was reported by the State Tax Service under the Ministry of Economy.
According to the data, this is up by 12.3% from the same period of 2023.
Of the 10-month receipts, AZN 126.4 million came from extra-budgetary organisations, which is up by 14.9% from a year ago.
Note that the budget of the Unemployment Insurance Fund under the Ministry of Labour and Social Protection this year is AZN 238 million. At that, 184.7 million manats with revision should be formed at the expense of unemployment insurance contributions. About 90% of this amount has been accumulated in the reviewed period.
Finance
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The Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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