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Azerbaijan to Apply Unemployment Insurance

The system of mandatory unemployment insurance will be created in Azerbaijan.

Oxu.Az reports citing to Trend that, according to sources in the Ministry of Labor and Social Protection, a bill on this issue has already been prepared.

“The project identifies legal, economic and organizational issues in connection with the insurance of persons engaged in labor activity of unemployment in the territory of the country,” sources in the ministry said.

The sources noted that the insurance benefits will be issued to the unemployed citizens as allowances.
“The insurance benefit will enable the unemployed to get some money for a definite period of time. These benefits will be formed at the expense of the transfers made by the citizen during his working activity.”
The bill will be submitted to the Cabinet of Ministers after coordination with the relevant structures.