BAKU, Azerbaijan, September
26. The five social reform packages implemented
in Azerbaijan from 2018 to 2026 covered 4 million citizens,
Minister of Labor and Social Protection of Population Anar Aliyev
said at the 2nd Azerbaijan International Investment Forum (AIIF
2026) in Baku today, Trend’s correspondent reports from the event.
According to the minister, the annual additional financing
requirement of the reforms amounted to 8 billion manat ($4.7
billion). During this period, the minimum wage increased 3.8-fold,
the minimum pension rose 2.9-fold, and the average monthly pension
increased 2.6-fold. The volume of social benefits and scholarship
payments increased 5-fold to 2.1 billion manat ($1.2 billion).
Aliyev pointed out that the number of employment contracts
increased by 44.6% to 1.8 million. About 90% of the 152 services
provided by the ministry have been digitalized, while 55 proactive
services have been launched.
The minister also spoke about training personnel in line with
labor market requirements. He noted that 1,700 occupational and
qualification standards have been developed across various sectors
of the economy. Training courses are organized in 175 professions
for unemployed and job-seeking individuals, with cooperation
established with nearly 180 public and private educational
institutions in this area.
According to Aliyev, cooperation among universities, employers,
and government agencies should be strengthened to develop human
capital that meets the requirements of future jobs.
The 2nd Azerbaijan International Investment Forum is being held
in Baku. The two-day forum is organized by the Ministry of Economy
and its subordinate Azerbaijan Export and Investment Promotion
Agency (AZPROMO), with The European House–Ambrosetti as its
strategic partner.
The plenary and panel sessions at the forum address strategic
topics including the Middle Corridor, energy and green transition,
artificial intelligence and digital transformation, infrastructure,
industry and free economic zones, critical raw materials,
agribusiness, financial cooperation, small and medium-sized
business development, tourism, and investment in real estate and
human capital.
