The current state of the pension system in Azerbaijan: challenges and prospects

Next year, the minimum wage in Azerbaijan will be set at 400 manats, according to the feedback provided by the Accounting Chamber on the draft law on the "State Budget of the Republic of Azerbaijan for 2025." In 2024, the minimum wage was 345 manats.

It seems we believe that life cannot be lived with festive spirit without holidays, or that we cannot think about children unless it's Children's Day. It's as if there must be a designated day or calendar event for everything. Topics aligned with that calendar gain prominence. It’s as though every day of the year belongs to a specific social group.

Currently, Azerbaijan is hosting the COP-29 Summit of the Parties. As the host, Azerbaijan has committed to reducing carbon emissions by up to 35% by 2030.

In the post-oil era, the scarcity of funds has brought forward unpredictable income sources (such as lottery proceeds, fines, and penalties) rather than fixed income sources, to boost fiscal capacity. Accordingly, the Milli Majlis (National Assembly) has introduced amendments to the Code of Administrative Offenses. For context, the last adjustment to fines took place in July 2023. This suggests an annual review of fines for potential increases.