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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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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