Bank Of Baku

Azerbaijan to raise social benefits again next year

Azerbaijan to raise social benefits again next year
# 19 September 2008 14:08 (UTC +04:00)
Baku. Ilhama Isabalayeva – APA-Economics. Azerbaijan’s Ministry of Labor and Social Protection will submit proposals to the Government to request for a raise in social benefits, said Vugar Hasanov, pension policy officer of the ministry.
He added that it is too early to say how much the rise is expected to be because discussion of proposals is set for next year.
He added that regulations for indexation of social allowances shall be determined not less than once a year under the Law on Social Benefits.
Monthly social allowances and one-time benefits to 286 417 were increased by 50% effective September 1.
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THE OPERATION IS BEING PERFORMED