(MENAFN- AzerNews) By trend
New amendments to the labor Code of Azerbaijan envisaging the
introduction of incentive mechanisms, as well as benefits for
employers and those, who will live and work in the liberated
territories - Karabakh and Eastern Zangazur, came into force from
January 2023, MP Vugar Bayramov told trend .
Bayramov noted that, according to the amendments, the concept of
'specialist working in the territories of the Republic of
Azerbaijan liberated from occupation' was added to the Labor
Code.
'This category will include workers who graduated from a
vocational, secondary specialized and higher educational
institution, have at least two years of work experience over the
past five years, and work on the basis of an employment contract in
the liberated territories,” he explained.
“These citizens will be able to receive a lump sum allowance in
the amount of 600 manat ($352.9) once a year, in addition to extra
payments to their monthly official salary. They will also have
right for five additional vacation days each year,” the MP
said.
According to Bayramov, social insurance fees paid to employees
working in liberated territories outside the oil and gas sectors of
the private sector will be fully subsidized by the state until
2026.
“That is, these payments will be taken over by the state. Within
three years, starting from 2026, the percentage of subsidies will
be 80 percent, in the next three years - 60 percent and,
accordingly, further - 40 percent', he said.
Besides, the MP pointed out that individual entrepreneurs,
family farms, owners of land shares and so on, will be fully
subsidized from the state budget for 10 years.
'According to the new amendments, the paid social insurance fees
will be returned to them from the state budget, and the
accumulation of pension capital on the individual accounts of
employees, their social insurance record will continue,” Bayramov
said.
“Thus, our citizens working in the liberated territories now
have the right to accrue an increase in wages and receive a lump
sum allowance of 600 manat. Subsidizing social insurance fees will
also allow increasing their wages,' he concluded.
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