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

The employment landscape in Azerbaijan reveals a complex and challenging scenario.

As of June 1, 2024, a significant number of workers in Azerbaijan's workforce actively contributed to the economy, totaling 1,749.4 thousand people. Of these, 893.1 thousand were employed in the public sector, while 856.3 thousand worked in the private sector, illustrating a balanced employment landscape in the country, reports the State Statistics Committee.

The Center for Hygiene and Epidemiology, in cooperation with the Ministry of Ecology, has published a comprehensive analysis of the state of the waters of the Caspian Sea along the coast of Azerbaijan on the eve of the beach season. Laboratory analysis included both physic-chemical and bacteriological parameters, revealing significant differences in water quality between different beaches.

The budget of the UniSuper Australian Pension Fund, which has more than 615,000 clients (members), is $135 billion. UniSuper was created in October 2000 as a result of the merger of the Australian Universities Scholarship Program (SSAU) and the Higher Education Scholarship Program (TESS). It is a non-profit company with 37 Australian universities as shareholders.