The Parliamentary Committee on Economic Policy has recommended Milli Majlis adopt the draft law "On Advertising" in the second reading.
According to the author of the document, MP Vahid Akhmedov, legislation in this area has operated since 1997 and lags behind reality. "We need to tighten the requirements for social responsibility, respect for the rules of the state language and the advertising of alcoholic beverages," he said, adding that according to the innovation, organizations that distribute advertisements should be spend on public advertising at least 8% of the airtime, advertising space, banners etc. The currently acting requirement is 5%, but it is not complied with.
The bill specifies the time frame for the distribution of social advertisements - from 09:00 to 00:00. According to the achievements, sports gambling advertising on television should be extended from 23:00 to 07:00 (state television promotes the tote TOPAZ all day). --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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