Today, there was a regular meeting of the Milli Majlis in the spring session. The MPs discussed 17 issues.
The most interesting is the annual report of the National Coordinator to combat human trafficking. There will also be encouraged to establish buffer zones (3 km perimeter) around the protected areas.
Almost all other agenda devoted to insurance - provides for the establishment of reserve funds companies involved in health insurance, compulsory insurance of the judiciary and law enforcement agencies, passengers, diplomatic missions abroad, as well as potentially dangerous objects exploited. The column "compulsory insurance of civil servants" will be removed from the register of the State Insurance Supervision Service under the Finance Ministry of AR.
Amendments were made to the rules of insurance business, including private security agencies, etc. -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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