Baku Edition vol 13,  week 35  
home | about us | subscribe | advertising | partners | contact us TODAY IS: THURSDAY, SEPTEMBER 09, 2010  
  TOP OF THE NEWS
project   |   2009-year of children   |   sport   |   its interesting   |   entertainment   |   economy   |   fuel & energy   |   news   |   countdown   |   announcement   |   competition   |   education abroad   |   today.az
 Search
 Archive
  top of news  
Azerbaijani Social Fund starts monitoring of private sector
Mart 09, 2010 17:29 PM
The Azerbaijani State Social Protection Fund (SSPF) launches the monitoring of the country's private sector for the application of double-entry bookkeeping, SSPF head Salim Muslimov said.

"The main purpose of monitoring is to improve revenue from compulsory state social insurance, on which the SSPF's main charges depend," he added.

According to him, every citizen should know that the Social Fund is almost fully completed implementation of an automated pension system for more effective purposes of social benefits as age and disability. Presently, Azerbaijan fully eliminated the old system, which required the collection of certain documents.

The new automated system for the appointment of pension payments already applied worldwide, he said adding that every citizen, which in the future intends to demand a high level pensions, should periodically monitor the process of accumulating funds in own individual account, on which the level of a pension entirely depends.

Muslimov said that serious problems with double-entry bookkeeping exist primarily in the private sector, as for example in Baku, there are over 100 medical institutions, of which only the Central Clinical Hospital indicates the average monthly salary of about $600 manat, despite the fact that other show at the level of 124 manat. Sometimes this figure indicates, even at $80 or even 76 manat, which indicates a clear rejection of real wages, as such a serious wage gap can not be in health care facilities.

The fund is likely to motor a large commercial facilities, restaurant business, transportation, construction companies, particularly those areas that are central to the private sector. Comparative analysis will be conducted on the basis of reports submitted to the Social Fund on the results of 2009.

"There are such enterprises in Azerbaijan that indicate the real level of wages in five or even six times lower than it actually is," he said.
Polish senator: Baku may crush Armenia with tanks in three months
July 23, 2010 14:36 PM
EU-Azerbaijan Association agreement: A new framework for updated cooperation?
July 23, 2010 14:34 PM
Cybercrime: one in 10 computers vulnerable to attack
July 23, 2010 14:33 PM
President Ilham Aliyev: Azerbaijan and Georgia stand shoulder to shoulder in their development
July 23, 2010 14:33 PM
Azerbaijani Foreign Ministry criticizes St. Petersburg proposals on Nagorno-Karabakh conflict
July 23, 2010 14:32 PM
New financing mechanism in Azerbaijani education to ensure robust competition between universities
July 15, 2010 15:56 PM
Azerbaijani Foreign Minister: Azerbaijan agrees witth OSCE Minsk Group proposal on Kalbajar, Lachin
July 15, 2010 15:55 PM
Azerbaijani top official: Country has created all conditions for independent media development
July 15, 2010 15:53 PM
JPMorgan earns $4.8 billion in 2nd quarter
July 15, 2010 15:52 PM
BP works to fix valve leak before choking oil flow
July 15, 2010 15:50 PM
Total to complete drilling of exploration wells on Absheron structure in April-May 2011
June 10, 2010 17:10 PM
Agreements signed with Azerbaijan revive the Nabucco project
June 10, 2010 17:09 PM
Azerbaijan embassy to Italy holds presentation on economic achievements
June 10, 2010 17:08 PM
People die, as Turkish military helicopter crashes
June 10, 2010 17:07 PM
Azerbaijani political expert: Azerbaijan has got a great chance to lobby for its interests in United States
June 10, 2010 17:07 PM
krainian journalists highly appreciate Azerbaijan’s tourism infrastructure
June 10, 2010 17:06 PM
Azerbaijani boxer to face Armenian rival at the European semi-finals
June 10, 2010 17:05 PM
Ilham Aliyev: if Armenia continues to pursue its policy of occupation, Azerbaijan will seriously change its position
June 10, 2010 17:03 PM
Kremlin fills the void left by an indifferent America and inept EU
April 28, 2010 15:11 PM
Turkey-Azerbaijan agreements on gas meet interests of both parties
April 28, 2010 15:10 PM


project   |   2009-year of children   |   sport   |   its interesting   |   entertainment   |   economy   |   fuel & energy   |   news   |   countdown   |   announcement   |   competition   |   education abroad   |   today.az
home | about us | subscribe | advertising | partners | contact us
Hosted by eXtraWEB
E-mail: info[at]extraweb[dot]az