In January-November 2024, unemployment insurance premiums in Azerbaijan totalled AZN 183.9 million.This is reported by the State Tax Service under the Ministry of Economy.
According to the data, this is up by 12.4% from the same period of 2023.
Of the 11-month revenues, AZN 139.1 million came from the off-budget sector, which is up by 14.9 % up from a year ago.
This year, the budget of the Unemployment Insurance Fund under the Ministry of Labor and Social Protection is AZN 238 million. Of these, AZN 184.7 million should be formed at the expense of unemployment insurance contributions.
Note that 99.6 % of this amount was collected in the reviewed period.
Finance
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From 15 January the State Oil Company (SOCAR) will issue ‘Green Bonds’.This is reported by SOCAR.
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On January 10, President Ilham Aliyev signed an order to dismiss Finance Minister Samir Sharifov. He had held this position since 2006.
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The Central Bank of Azerbaijan (CBA) has changed the ‘Procedure for purchase and sale of foreign currency between the Central Bank and banks’, which it approved on 15 November 2022.
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In 2024, the economic growth in Azerbaijan made up 4.6%; it is expected that in 2025-2026 this index will make up an average of 3%.This is stated in the UN report ‘World economic situation and prospects 2025’.
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