Bank Of Baku

Sattar Mehbaliyev: “Law on Compulsory insurance must be valid in Azerbaijan”

Sattar Mehbaliyev: “Law on Compulsory insurance must be valid in Azerbaijan”
# 30 December 2010 14:29 (UTC +04:00)
Baku. Lachin Sultanova – APA-Economics. Law on compulsory insurance may be valid in current economic state of Azerbaijan, chief of Azerbaijan Confederation of Trade Unions Sattar Mehbaliyev said, APA reports.

Mehbaliyev reminded that issue on compulsory insurance had been risen 15-20 years ago: “At that time I said that this law would not work, because financial opportunities of departments and institutions are very weak, they had not benefits. The law was passed and did not work. And now, there is economic development in Azerbaijan, big enterprises operating with income, this issue will be shown in the enterprises operating with income. Medium and little enterprises also decreased their expenditures. This sphere needs to be allocated”.

To question on violating employee rights, Mehbaliyev said that employees did not get wages in time previously, they were dismissed at nay time.

“But some employers conduct dual accounting. We try to explain the working there that, if the salary is lower, your pensions will lower too.
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