The order of security in road transport has been amended. According to the decision of the Cabinet of Ministers of Azerbaijan №280 and №281 of August 15, the amendments are to enter into force from the date of publication.
Document №280 changed the rules of carriage of goods by road, adopted by decision №142 17 September 2009. According to them, truck owners will voluntarily insure their civil liability.
Document №281 changed the rules of road transport of passengers and baggage, approved by the №141 decision of 17 September 2009. The insurance became mandatory from voluntary. Now, the civil liability of passenger vehicles and private passenger insurance against accidents is carried out in accordance with the law on compulsory insurance. In addition, the drivers of these funds shall be subject to compulsory insurance against accidents at work and occupational diseases.
Insurance services for passenger carriers will be provided in the Bureau of Compulsory Insurance. -17D-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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