Government Defines Market and Fair
On October 19 the Cabinet of Ministers introduced changes to the rules of trade, public catering, household and other services operating from April 3, 2014. The corresponding decision was adopted pursuant to orders of the President of Azerbaijan on January 16, 2014 on additional measures in improving agricultural and food products market activity.
The decision defines points of sale, including market, wholesale market, retail market, market of agricultural products, green market, farm shop, fair, and fair and sale of agricultural and food products. For example, a green market is a commercial property where the sale is carried out only for plants and products of plant and animal origin. At the same time, a green market should have a storage room, a laboratory and a private car park, as well as a place for the sale of certified ecological agricultural products.
Special distinction tables must be set in farm shops.
The decision gives the authority for the organization of trade fairs to local authorities. They prepare a special action plan for their organization. Fairs and sale of agricultural and food products are organized on the proposal of the Ministry of Agriculture on certain days (Saturday and Sunday, holidays and significant days). At the fairs there are scoreboards, which indicate the prices of products sold. These fairs are organized by the state budget. However, if the organizers of these fairs are individuals, they fund them. ---08D
Economics
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
-
Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
Leave a review