ASIA - Azerbaijan president Ilham Aliyev has promised the minimum state pension will increase in conjunction with the country's economic budget.
In a speech, Aliyev (pictured), explained the current pension situation was unacceptable to the government and said the increases would be included in the budget for 2007.
He did not give a concrete figure, but noted Azerbaijan's budget had been increasing year on year. "In 2006 the country registered a 70 to 80% increase to its budget, as compared to 2005," he said.
The president added the increase in pensions would be accompanied by an increase in state salaries.
This week's edition of Professional Pensions is out now.
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