Expanded the market of compulsory insurance against diseases and accidents at work.
The President signed an executive order on the eve of the entry into force of amendments to the Law of the Republic of Azerbaijan "On Physical Culture and Sports" . According to the new text of Article 16.8 of the law, under the contract of compulsory insurance will be concluded with the participants Paralympics, Deaflympics, Special Olympics sports. The new text of Article 60 is intended to cover the compulsory insurance for all professional athletes and coaches.
In Azerbaijan, Turan said the press service of the Ministry of Youth and Sports, in 8940 sports sports institutions involved 423,000 people. Of these, 1,000 are professional athletes. Together with the coaches at all levels , judges, sports doctors , other specialists compulsory insurance market will expand by about 10 000 people. - 17D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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