Growth rate in insurance market of Azerbaijan slows down

In January-October 2024, receipts to the state budget of Azerbaijan totalled AZN 31,542.5 million, and deductions from the budget - AZN 28,108.2 million. This is reported by the State Statistics Committee.

Next year the budgets of the State Social Protection Fund (SSPF) and Unemployment Insurance Fund (UIF) under the Ministry of Labour and Social Protection will be about 10% higher than this year. This is stated in the relevant draft laws.

In 2025, the need criterion and subsistence minimum in Azerbaijan should be AZN 285. This is stated in the conclusion of the Accounting Chamber on the Draft Law ‘On State Budget for 2025’.

NBCO ‘International’ held an auction on placement of interest-bearing, unsecured undocumented registered bonds with ISIN code Az2017021026 / Az2019021024 / Az2016021027 in the amount of AZN 750, 000 with a 24-month circulation term at the Baku Stock Exchange (BSE). this is reported by the BSE.