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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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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