Do we need to check breweries in August?
The State Service for Antimonopoly Policy and Consumer Protection of the Ministry of Economy and Industry of Azerbaijan has revealed another fact of the production of mislabeled beer.
According to the report of MEI, in the private legal entity LLC Salyan Qida Mehsullari located in Salyan region, they revealed the production of beer with the wrong information on the label and the illegal use of the trademark of the other portion of the market. The audits found that there were no data on food and energy value of the product.
It was also found that the production of beer was carried out without a recipe and instruction manual and without documentary evidence. In this case, on the back of the package there was found inaccurate advertising of the drink as one of the varieties of the highest quality beer.
In connection with the abuses Antimonopoly Service initiated a case against the company for violating the law. Recall a similar gripe yesterday was brought to LLC Yevlax-Qida.
The beer season begins in May, but the Anti-Monopoly Service has decided to start auditing companies in August, which is fraught with a lack of effectiveness of its activities. In addition, checks are usually subjected to small and medium-sized entrepreneurs, while they never apply administrative penalties against the monopolists. -17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review