BAKU, Azerbaijan, August 12. In the first seven months of 2025, a whopping 4.14 billion manat ($2.44 billion) was set aside for pension payments in Azerbaijan, marking a 10 percent increase, or an extra 367 million manat ($217 million), compared to the same stretch of time last year.
The data obtained by Trend from the Ministry of Labor and Social Protection
of the Population shows that effective from the commencement of
2025, all categories of pension schemes have undergone an elevation
of 8.1 percent via the mechanism of indexation. Furthermore,
effective February 1, the baseline pension underwent an elevation
of 14.3 percent, increasing from 280 manat ($165) to 320 manat
($189).
From January to July of the current fiscal year, a total of 27,000
new pension allocations were executed via electronic processing.
Since the inception of the electronic pension assignment framework
at the commencement of 2019, a total of 165,000 pension allocations
have been executed proactively through the e-platform.
