Azerbaijan raises unemployment insurance receipts by 12%
Azerbaijan raises unemployment insurance receipts by 12%
In January-July 2024, receipts on unemployment insurance premiums in Azerbaijan totalled AZN 118.2 million. This was 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.
This includes a 15.2% growth in receipts for extra-budgetary organisations over the last year to AZN 88.2 million.
This year, the budget of the Unemployment Insurance Fund under the Ministry of Labor and Social Security of Population is 238 million manats.
At the same time, 184.7 million manats out of them should be provided at the expense of social insurance contributions. Over 7 months, 64% of this amount has been collected.
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- Politics
- 12 August 2024 12:07
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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