By the resolution of the Cabinet of Ministers on 27 November all the spare parts of vehicles are included in the list of goods that require security. The government's decision was made public in the official press on December 10.
The State Committee on Standardization, Metrology and Patents (SCSMP) told Turan that parts of vehicles imported and manufactured in the country are subject to compulsory certification and only after that they can be put into circulation. At present, their list is being prepared.
The State Service for Accreditation under SCSMP accredited three independent entities that have the technical capabilities of conformity assessment and issue the relevant certificates. They are LLC AzeSert, Azsertcenter and TekhnoSert. It is noteworthy that these companies have been established this year with a registered capital of 5-10 manats.
The list of goods that require security was adopted in July 1993 and is valid from 1st January 1994. It includes mainly foodstuffs, as well as those non-food products, which may directly or indirectly affect human health. It is noteworthy that this document is not accessible to the public. -----08B
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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