Social insurance

Fitch downgrades six Russian insurance companies

Fitch downgrades six Russian insurance companies

Fitch Ratings said it has downgraded six Russian insurance companies' insurer financial strength ratings, along with the debt rating of one Russian insurer. The companies are insurance joint stock company VSK, JSC IC Allianz, …

Over 1.3 million people of retirement age live in Azerbaijan

Over 1.3 million people of retirement age live in Azerbaijan

There are over 1.3 million people of retirement age in Azerbaijan as of October 1, 2018, which is 13.2% of the total population of the country, Azerbaijan's Ministry of Labor and Social Protection of Population said. The average …

Russian women's retirement age softened

Russian women's retirement age softened

Russia's State Duma adopted amendments proposed by Russian President Vladimir Putin to raise the retirement age for women by five years instead of eight under pension-reform legislation that has prompted large protests. The …

Russia's VAT rate hike bill passed in second reading

Russia's VAT rate hike bill passed in second reading

Russia’s State Duma passed the bill on raising value-added tax (VAT) to 20% from 18%, starting from 2019, in the second reading today.  The insurance contributions are currently paid in full at a rate of 30% for an …

Russia's government raises retirement age and VAT

Russia's government raises retirement age and VAT

Russian Prime Minister Dmitry Medvedev said the retirement age and value-added tax (VAT) will be raised in Russia.  The PM said that the Russian government proposed to raise the retirement age to 65 for men …

Russia's minimum wage to increase by 53% in three years

Russia's minimum wage to increase by 53% in three years

The Russian government approved the draft law on increasing the minimum wage from January 1, 2018, setting it in the amount of 9,489 rubles ($164.2), the Russian Minister of Labor and Social Protection Maxim Topilin said. …

Azerbaijan increases retirement age to 65 years

Azerbaijan increases retirement age to 65 years

Today Azerbaijani Parliament has approved the amendments to the Law on Labour Pensions. Introducing the document, the Deputy Minister of Labour and Social Protection, Idris Isayev, said that the increase will be …

Moscow and Baku agree on pensions and labor migration

Moscow and Baku agree on pensions and labor migration

Azerbaijan and Russia will sign two bilateral agreements on cooperation in the spheres of pension provision and labor migration, the Minister of Labor and Social Protection of Azerbaijan’s Population Salim Muslimov said at …

Will Russia's retirement age to increase from 2019?

Will Russia's retirement age to increase from 2019?

The Russian government is discussing a retirement age increase by 3 months a year for men under 65 and for 6 months a year for women under 60 starting from 2019, the Director of the Russian Pension Fund, Anton Drozdov, said. …

UN and ICMPD to help Armenia with migrants and borders

UN and ICMPD to help Armenia with migrants and borders

The International Centre for Migration Policy Development  (ICMPD) and the United Nations Development Programme (UNDP) signed a project cooperation agreement for the project “Support to Migration and Border Management in Armenia” …

Azerbaijan pays pensions ahead

Azerbaijan pays pensions ahead

Today it became known that in Azerbaijan the financing of pensions for September completed ahead of the schedule, this was told by the Head of the Department of Public Relations of the Ministry of Labor and Social Protection of Azerbaijan, …

Super modern hospital opens in Ingushetia mountains

Super modern hospital opens in Ingushetia mountains

Today, a new hospital was opened in the village of Galashki of the Sunzha District of Ingushetia. The medical establishment was built on the site of the former building, which was in the emergency state. …

 Armenia’s monthly subsistence level decreases

Armenia’s monthly subsistence level decreases

Armenia's monthly subsistence level in average prices in the end of the second quarter of 2016 decreased by 6.5% from the same time span of 2015 to 55,703 drams, the Armenian National Statistical Service said. According to it, the …

Azerbaijan and Russia to cooperate on Green Card system

Azerbaijan and Russia to cooperate on Green Card system

Russia has agreed on the mutual recognition with Azerbaijan on the system of automobile insurance Green Card, the Compulsory Insurers’ Bureau’s executive director Elkhan Guliyev said. The negotiations with …

Sochi to resettle 400 residents from damaged houses

Sochi to resettle 400 residents from damaged houses

394 residents of damaged houses in Sochi will receive new apartments in late 2016. According to the press service of the city administration, the residents will receive an apartment of equivalent area if they have tenancy agreements. …

Government to consider extension of maternity capital

Government to consider extension of maternity capital

The Russian government has received a bill to extend the program of maternity capital, the Minister of Labour and Social Protection of the Russian Federation, Maxim Topilin, said. "The Ministry of Labor has …