In order to strengthen social protection of National Heroes of Azerbaijan monthly pension they raised to 1 million manat (previously 600 manat).
According to the Decree of the President of the country, this will come into effect on September 1 , the same amount will be paid to the families of the victims and heroes who demonstrated examples of selfless valor and patriotism unprecedented in the struggle for independence, territorial integrity and progress of the Azerbaijan Republic.
The Cabinet of Ministers tasked to resolve issues arising from this decree.
The title of National Hero of Azerbaijan was established July 15, 1992. In the country, according to recent data, there are 213 National Heroes. Of these, 181 people were awarded posthumously.
The first 11 Heroes were presented to the award June 6, 1992, and the last awarded (posthumously) was Mubariz Ibrahimov - July 22, 2010. - 17D-
Economics
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Azerbaijan’s drive to attract investment into its industrial and agricultural zones is gaining momentum, with the government registering 31 new resident companies across economic zones in 2023. The Economic Zones Development Agency (EZDA) also granted non-resident status to one company, marking a new phase in the country’s efforts to stimulate economic growth in post-conflict areas and beyond.
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The State Oil Company of Azerbaijan (SOCAR) is stepping up its international expansion in upstream operations, marking a strategic shift in its global portfolio. The company’s recent acquisitions— a 10% stake in Israel’s Tamar gas field and a 3% share in the SARB and Umm Lulu offshore oil projects in Abu Dhabi—signal its growing ambitions beyond Azerbaijan’s borders.
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BP plans to drill 19 wells at the Azeri-Chirag-Guneshli (ACG) oilfield block in 2025, maintaining its drilling activity at the same level as in 2024, a senior company executive said on Tuesday.
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The International Association of Drilling Contractors (IADC) opened its annual "IADC Drilling Caspian" conference in Baku on Tuesday, bringing together industry leaders to discuss advancements in oil and gas drilling, as well as the growing role of geothermal energy.
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