Search keyword: State Social Protection Fund

Budget of Azerbaijan's State Social Protection Fund to be increased

The revenues and expenses of the budget of the State Social Protection Fund under the Azerbaijani Ministry of Labor and Social Protection of the Population for 2024 are increased by 30 million manats ($17.64 million), according to the amendment to the bill on the 2024 budget of the Fund, Report informs

May 24, 2024 14:00
Costs of Azerbaijan’s State Social Protection Fund up by over 13%

Over the course of four months, the income of State Social Protection Fund rose by 2.2% or 47 million manats (about $27.6 million) and to 2.169 billion manats (about $1.275 billion).

May 17, 2024 11:23
Azerbaijan accounts for 280 pensioners aged 100 and above

The number of pensioners aged 100 and over in Azerbaijan reaches 280, the State Social Protection Fund told Report. "In May 2024, the number of pensioners aged 100 and over was 280. Of them, 36 are men and 244 are women," the statement reads.

May 7, 2024 12:55
Azerbaijan establishing private pension fund

The preparation of normative documents related to the establishment of a private pension fund in Azerbaijan has been completed, Chairman of the State Social Protection Fund Himalay Mamishov said at the Fund's 2023 report event, Report informs.

January 10, 2024 12:28
Revenues of State Social Protection Fund up by 16.6%

Last year, the revenues of the State Social Protection Fund (SSPF) were 6,667.2 million manats ($3.92 billion), 16.6% more than the previous year, SSPF Chairman Himalay Mamishov said at the Fund's 2023 report event, Report informs.

January 10, 2024 11:33
Investments of Azerbaijan's State Social Protection Fund exceed $470M

The State Social Protection Fund (SSPF) under the Azerbaijani Ministry of Labor and Social Protection of the Population allocated 600 million manats ($352.9 million) for investments by November 1, 2023, and allocated an additional 200 million manats ($117.6 million) in recent days, Minister Sahil Babayev

November 4, 2023 16:23
State Social Protection Fund’s 2024 budget to exceed $4B 

The budget of the State Social Protection Fund under the Ministry of Labor and Social Protection of Population is expected to be 6,919,900,000 manats ($4.07 billion) in 2024, up 10.4% from the approved forecast of 2023, Report informs, citing the Ministry of Finance.

October 20, 2023 12:29
SSPF Chairman: Agreement process regarding establishment of private pension funds is underway

The legislative framework for the establishment of private pension funds in Azerbaijan is being improved and the process of agreement with relevant institutions is underway, Chairman of the State Social Protection Fund's (SSPF) Himalay Mamishov said at the briefing regarding the 6-month report of the

July 27, 2023 12:20
Over half million people provided with social payments in Azerbaijan

Social payments increased 3.8 times this year, posting nearly twofold growth in this area compared to 2018, Chairman of the State Social Protection Fund, Himalay Mamishov, told a press briefing on the 6-month report of the Fund, Report informs.

July 27, 2023 11:48
SSPF's income up by nearly 17%

In January-June of this year, the income of the State Social Protection Fund's (SSPF) was 3,270.7 billion manats ($1.9 billion), which is 16.6% more than in the same period of 2022, Chairman Himalay Mamishov said during his speech at the briefing on the 6-month report of the institution, Report informs

July 27, 2023 11:46