The hourly rate and the production calendar have been approved for next year.
According to the order of Minister of Labor and Social Protection of Azerbaijan, these indicators comply with the requirements of the Labor Code to all enterprises, offices and organizations, regardless of their legal status.
So holidays will be on January 1-2, January 20, March 8, March 20-24, May 9 and 28, June 15 and 26, July 6-7, September 12-13, November 9 and December 31. Due to holidays coinciding with weekends, for those who work 5 days a week, non-working days will be also on March 25, May 30 and June 27 and for those who work 6 days a week, on March 25 and June 27.
The labor standards presume work of 40 hours per week or 8 hours a day. In accordance with the Labor Code, the hourly rate on pre-holidays is shortened by 1 hour.
The following year will be a leap one, so there will be 366 days, of which 243 days are workdays. --17D-
Economics
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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.
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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.
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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.
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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.
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