The Azerbaijani President signed a decree on the entry into force of the new law "On Advertising". The previous version adopted in 1997 has lost its force.
Experts note the tightening of the rules and requirements for copyright, unfair, inaccurate or hidden advertising, or advertising refutation. In addition, the concept of social advertising and sponsorship has been expanded and advertising various goods and advertising means, as well as public oversight and self-regulation in advertising has been especially marked.
The author of the document is the MP Vahid Ahmadov, who believes the new edition meets the realities in the tightening of social responsibility and respect for the norms of the state language and tightens the advertisement of alcoholic beverages.
Under the law, social ads will be broadcast on television and radio between 09:00 and 00:00, and advertising of alcoholic beverages of more than 5 degrees - from 23:00 to 7:00. --17D-
Economics
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On September 20, 2024, Volts Energy Ltd., an engineering company based in Abu Dhabi, and Azerbaijan’s Turan Energy LLC announced the creation of a new joint entity, TuranVoltsEnergy. This venture will focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems within Azerbaijan.
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The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
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Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.
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Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
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