The Ministry of Labor and Social Protection of Azerbaijan recommended that private enterprises should start work from 7.30-8.00 am, and banks - from 10.00 am.
The initiative is dictated by the need to comply with paragraph 24 of the first protocol of the Commission for Road Safety "On additional measures to improve the traffic in Baku."
"Failure to abide by the recommendations will be considered as violation of labor laws," the Ministry said. There are grounds for the imposition of fines on responsible persons. In the e-mail address info@mlspp.gov.az one can ask questions to the responsible employees of the ministry. --17D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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