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 top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point