Industrial accidents decreased
In the first nine months of this year, the production recorded 128 accidents. According to the results of the investigation service of the State Labor Inspectorate, compared with the same period last year, the facts of accidents decreased by 16.4%.
The Department of Public Relations of the Ministry of Labor and Social Welfare told Turan, as a result of accidents suffered 90 people, 25 people (25%) less than in the comparable period of 2012. The number of people killed in accidents is not reported.
More detailed information is provided on the construction sector. This sector recorded 39 accidents (January-September 2012 - 55), which affected 24 people (39). In addition, 19 people were killed. Last year, 26 deaths were reported in the construction sector. - 08D -
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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