The growth of the minimum wage in Azerbaijan will cover up to 950,000 citizens, 600,000 of whom work in the public sector, 350,000 in the private sector, Trend reports referring to the country's Ministry of Labour and Social Protection of the Population. “Currently, the minimum wage in Azerbaijan exceeds the cost of living by 40 percent. The decree on raising the minimum wage once again confirms that the growth of social welfare in the country is a priority of the socio-economic policy of President Ilham Aliyev and shows the implementation of the second large social package this year. Raising the minimum wage to 250 manats allows to increase the established average monthly salary in the sectors financed from the state budget, from an average of 265 to 367 manats. According to the decree signed by the Azerbaijani presidential on Feb. 8, 2019, the minimum wage was raised from 130 to 180 manats, and the positive change covered 600,000 people. By the end of 2019, it will increase by about 15 percent to reach 625 manats ($366.6),” Gasimli said. Minimum Wages - last checked - 9/17/19. Gasimli also spoke about social reforms carried in 2019, saying that “the package of social reforms in 2019 covered 4.2 million people, and the financing of these reforms amounted to 3.9 billion manats ($2.3 billion).”. Under the law, it is forbidden to issue wages to employees below the minimum wage set by the state.
(1.7 AZN = 1 USD on Feb. 11)---Follow us on Twitter @AzerNewsAz This growth also indicates an increase in the average monthly wage in the country. According to the decree signed by the Azerbaijani presidential on Feb. 8, 2019, the minimum wage was raised from 130 to 180 manats, and the positive change covered 600,000 people. Azerbaijan has increased the minimum wages from 130 ($76.3) to 250 manats ($146.6) - second time in 2019. Thus, the minimum wage in the country doubled in 2019, Executive Director of the Center for Analysis of Economic Reforms and Communication Vusal Gasimli said … Social protection of the population, an approximation of living standards to the standards of developed countries are among the top priorities of state policy in Azerbaijan. Compared to other CIS countries, the minimum wage in Azerbaijan in international dollars is 2.1 times higher than that in Armenia, 1.6 times higher than that in Kazakhstan, and 1.4 times higher than those in Georgia and Russia,” Gasimli said. Minimum Wages in Azerbaijan averaged 68.83 AZN/Month from 1995 until 2020, reaching an all time high of 250 AZN/Month in 2019 and a record low of 1.10 AZN/Month in 1996. Azerbaijan has increased the minimum wages from 130 ($76.3) to 250 manats ($146.6) - second time in 2019. 1995-2020 Data | 2021-2022 Forecast | Historical. Minimum wage with effect from September 1, 2019. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Thus, the minimum wage in the country doubled in 2019, Executive Director of the Center for Analysis of Economic Reforms and Communication Vusal Gasimli said on October 2, Trend reports. On Feb. 8, President of Azerbaijan Ilham Aliyev signed an order on increasing the minimum monthly wage and amending the order “On Increasing the Minimum Wage” dated December 25, 2017. Before the latest changes, the minimum monthly wage was 180 manats. “This means that the minimum wage in Azerbaijan has the purchasing power equivalent to a minimum wage of $595 in other countries. 14, Bakhtiyar Vahabzade, Baku, Azerbaijan, AZ1141, Deputy FM: Rejecting proposals to resolve conflict, Armenian leadership makes negotiations meaningless, Road in border village of Azerbaijan’s Gazakh district being overhauled (PHOTO), Israeli politician: We find Azerbaijan a good friend of Israel, Around 6,000 people internationally wanted by Russia, Buffett-following investment trust to list in London, EU Special Representative: EU has strong interest in peace, stability in South Caucasus, Georgia reports 265 new cases of coronavirus, Instagram fixes breach found by Check Point, US’ share in Azerbaijan's total imports grows, FAO provides strategic support for Uzbek Agriculture Ministry, Conference of the People’s Council of Turkmenistan was held at the high organizational level, Italian geopolitical analyst: Mechanism needed for implementation of UNSC resolutions on Nagorno-Karabakh conflict, Turkmenistan to expand areas for growing crops, Georgia, Azerbaijan united by energy and transport projects of international importance, President Ilham Aliyev receives EU Special Representative (PHOTO), Chairman Israel Empowerment Lobby: Azerbaijan tolerates all religions, Electronic Water Portal launched in Azerbaijan (PHOTO), Agro Service: Azerbaijan has no shortage in fertilizers, Сoordinated fake news attacks on Azerbaijan debunked (PHOTO), Georgia takes part in high-level Open Government Summit together with world leaders, Belarus raises goods export to Azerbaijan, Demand for Turkish clothing in Georgian market declines, Turkmenistan working to improve transport macrostructure, Azerbaijani Ambassador presents his credentials to President of Mexico, Georgia to start producing anti-hail nets for orchards, German export expectations hit highest level since October 2018, President Ilham Aliyev: Non-fulfillment of Security Council resolutions undermines prestige of UN, Irish foreign minster says EU-UK trade deal breakthrough possible, Overhaul of Azerbaijani 'President Heydar Aliyev' tanker completed, Azerbaijani president: Aim pursued by Armenia to maintain current status-quo of occupation, to annex occupied territories, Azerbaijani president: We have credible information about presence of Armenian ASALA terror organization on occupied territories, President Ilham Aliyev: Illegal presence of Armenian armed forces in occupied lands of Azerbaijan remains major threat to regional peace, security, Import of Turkish-made chemicals by Turkmenistan declines, Vaccine against COVID-19 could give boost to oil prices, Turkmenistan to provide additional benefits to healthcare workers, Moscow authorities recommend people over 65 stay home due to increased COVID-19 incidence, UAE, Israeli cyber chiefs discuss joining forces to combat common threats, Singapore August manufacturing surges 13.7% year-on-year, beats forecasts, Armenia violates ceasefire with Azerbaijan 61 times, Pakistani expert: Armenia - country where Islamophobia perceived as state policy, Turkmenistan to increase volume of credit funds for dev’t of industrial sectors, IAI buys 50% of tactical drone co BlueBird, Uzbekistan reveals its COVID-19 data for September 25, Ankara-Baku-Ankara flights to be resumed soon, Kazakhstan's electric power distributing company to buy welding equipment via tender, Oil gains but heading for weekly fall over coronavirus demand concerns, Iran's drug distribution companies stored flu vaccine, Azerbaijani president: We present to the world the example of tolerance and coexistence, Georgian PM addresses participants of high-level Open Government Summit together with world leaders, Zarif urges multilateralism in fight against COVID-19, Turkmenistan, Uzbekistan plan to implement new projects in transport sector, Virus cases falling in Australia's hotspot state, restrictions may ease further, Chinese mainland reports 8 new imported COVID-19 cases, 2 pilots killed in military helicopter crash in N. 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Due to this, the average monthly salary in Azerbaijan will be 1.6 times higher than that in Armenia (960 international dollars) and 1.1 times higher than that in Georgia (1431 international dollars). Gasimli also mentioned that “according to the minimum pension indicators, Azerbaijan rates first among the CIS countries with 476 international dollars.
National Minimum Wage. This allows us to predict that the average monthly salary will reach 1540 international dollars at purchasing power parity. Publish your articles and forecasts in our website. AZN250.00. Direct access to our calendar releases and historical data. Over the past 15 years, the average salary in the country has increased sevenfold, and the minimum wage, 6.5 times.
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