The maximum bonus for athletes of the national team that take prizes in international competitions in Olympic sports, as well as their coaches, will be AZN 20 000. The Olympic Games are not included in the list since the size of the premium is set by the head of the state just before departure of the delegation to the competition.
The decision of the Cabinet of Ministers of Azerbaijan has issued AZN 20,000 to the Azerbaijani national team that wins the final stage of the World Cup. The winner of the World Cup in addition personally receives 6 000 manats. In other cases, the individual premium and its maximum (for an individual victory at the World Cup) is 15 000.
Prizes are awarded for victory in all age categories of Olympic sports championships, World Cups and European Cups. The lowest premium rate (from 300 to 1 500 manat) is for the winners of the European Junior Championship.
Azerbaijan has 1,000 people engaged in professional sports. - 17D-
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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