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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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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