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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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