Bank Of Baku

Azerbaijan and Hungary extends cooperation in social insurance and pension spheres

Azerbaijan and Hungary extends cooperation in social insurance and pension spheres
# 22 October 2013 14:00 (UTC +04:00)

Baku. Aynur Aliyeva – APA-Economics. Chairman of State Social Protection Fund Salim Muslumov has today met with director-General of the Central Administration of National Pension Insurance of Hungary Joseph Meszaros.

 

According to APA-Economics, it was given information about reforms in Azerbaijan’s insurance-pension system, formation of single system meeting international standards in the pension sphere. 

 

SSPF Chairman Muslumov noted that individual account system of social insurance premiums paid as the result of reforms was created, automatized infrastructure was set.

 

Meszaros said Hungary is interested in deepening of cooperation in this sphere.

 

The sides also discussed bilateral cooperation between SSPF and Central Administration of National Pension Insurance of Hungary and signing of intergovernmental agreement in social insurance and pension spheres.  

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