The Cabinet approved on August 1 the list of heavy and less heavy and light injuries. The document published on August 9th at the site of the official state newspaper (http://www.azerbaijan-news.az/index.php?mod=3&id=46120) was adopted pursuant to the law of the epublic of Azerbaijan "On mandatory insurance."
The list of serious injuries included 22 types of life-threatening injuries, diseases and pathological conditions. Of these, 10 belong to the cranial and spinal injuries and mutilations.
Complete loss of vision in both eyes is not considered life-threatening, although it is also a serious injury.
Less severe injuries include cases of ill-health by 21 days or more, as well as the loss of one third of the disability. --08D-
Economics
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Azerbaijan's President Ilham Aliyev signed a decree introducing changes to a number of presidential decrees aimed at amending the country's Tax Code in connection with the adoption of Law No. 98-VIIQD on December 16, 2024. The decree, published on Tuesday, introduces significant changes designed to simplify tax refunds for various goods and services and improve the rules for refunding value-added tax (VAT).
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SOCAR Türkiye Enerji AS (STEAS), the Turkish subsidiary of Azerbaijan's state oil company SOCAR, has announced an ambitious plan to build new production facilities for ethylene, polyethylene, and polypropylene (polyolefins) in Turkey. This initiative comes as the country grapples with a widening supply-demand gap, with nearly 90% of its polyolefin needs currently being met through imports.
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The tourism industry in Azerbaijan is experiencing remarkable growth in 2024, driven by post-pandemic recovery and strategic government initiatives. From January to November 2024, the country welcomed 2.412 million foreign tourists, marking a 27% increase compared to the same period in 2023. Projections suggest that the total number of visitors by year-end could reach 3 million, underscoring the sector's impressive trajectory.
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In the first 11 months of 2024, Azerbaijan's consumer market demonstrated steady growth, with the total value of goods and services reaching 67.4 billion manats, a 4.8% increase compared to the same period in 2023. This growth underscores the resilience of Azerbaijan's economy, which continues to adapt to global and domestic challenges.
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