Projected Budget Revenue and Expenditure Increases by 1.7 Billion Manats

In Azerbaijan, the 'Halal' certificate will be issued. The Azerbaijan Standardization Institute (AZSTANDART), operating under the State Service for Antimonopoly and Consumer Market Control of the Ministry of Economy, has been granted the right to issue 'Halal' certificates, which are claimed to meet international accreditation standards.

Today, the SAP Discovery Day Baku 2024 forum kicked off at the Ritz-Carlton Hotel, with more than 300 executives and specialists from leading companies in Azerbaijan and abroad in attendance. The event is dedicated to the latest trends and approaches in business process transformation, with participants sharing their experiences in implementing various projects.

Azerbaijan processed 5 million tons of crude oil in the first three quarters of 2024, a 2% increase compared to the same period last year, when 4.9 million tons were processed, according to data published by the Ministry of Finance. Of this total, around 1.3 million tons were imported oil, primarily from Russia, Turkmenistan, and Kazakhstan.

Azerbaijan’s oil and gas sector continues to ensure stable employment: according to the State Statistics Committee, 31.7 thousand people were employed in the industry during the first nine months of 2024. The sector remains a crucial pillar of the national economy, offering some of the highest salaries in the country, although differences in pay between state-owned and private enterprises are noticeable.