At the meeting on 15 May Azerbaijani parliament adopted the Draft Law "On Advertising" in the third reading.
The author of the bill, MP Vahid Ahmadov noted that the new version of the law, existing since 1997, provides for stricter requirements and social responsibility for the advertisement of alcoholic beverages.
According to the law, companies that distribute advertisements should give at least 8% of their time, advertising space, banners, etc. to social advertising. Previously, the minimum requirement was 5%.
Also, the law specifies the time frame for the distribution of social advertisements - from 09:00 to 00:00.
Advertising of gambling sports on television can appear from 23:00 to 07:00.
According to V. Ahmedov, the law gives the concept of hidden advertising and sponsorship advertising. -02D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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