The first National Industrial Safety Summi. Baku
The first National Industrial Safety Summit, held as part of the celebration of the centenary of Azerbaijan of President Heydar Aliyev, has begun in Baku. Organized by the Azerbaijan Industrial Safety Association and the Azerbaijan State Research Institute of Occupational Health and Safety, with BP as the primary sponsor, the summit has convened over 450 leaders and decision-makers in the industrial sector under the theme "Challenges of Tomorrow." The event spans three panels with 15 speakers and moderators.
The first panel, "On the Way to Zero," delves into discussions about the measures undertaken to achieve zero carbon dioxide emissions within the realm of industrial safety in Azerbaijan. Attended by representatives from private and state enterprises, industry leaders, executive directors, company representatives, government officials, businessmen, and entrepreneurs, the summit explores global innovations in industrial safety practices.
Among the participating entities are BP, Azergold, SOCAR Downstream, AREA, Kaspar, and various other companies actively engaged in discussions that encompass emission reduction in transportation and the exploration of cutting-edge technological solutions by both local and international specialists.
Economics
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By the end of 2024, inflation in Azerbaijan is projected at 5.1%, increasing to 5.8% in 2025, as per the Central Bank's announcement. Just six months ago, in April, the bank had forecasted inflation at 3.5% for 2024 and 4.2% for 2025.
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The Cabinet of Ministers of Azerbaijan has approved the charter of the "Tourism and Recreation Zones Management and Development Center," a public legal entity under the State Tourism Agency. The decision, made on November 4, is intended to fulfill the requirements outlined in the presidential decree from August 2, 2024.
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A new desalination plant to produce drinking water is set to be built in Sumgait, Azerbaijan, as part of a project aimed at meeting increasing water demands in Baku and the Absheron Peninsula. The project was announced on November 5 during a bid-opening ceremony for proposals submitted in a tender for the plant’s development, according to the Turan news agency.
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Heydar Aliyev International Airport (GYD) has solidified its role as a critical transit hub for Azerbaijan, connecting Baku to over 80 international destinations across more than 30 countries. With routes linking major European cities like London, Paris, and Rome, as well as strategic points in the Middle East, Central, and South Asia, the airport has become central to Azerbaijan’s tourism and transit expansion.
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