Baku hosts conference on World Safety Day. Speaking at the opening ceremony, Minister of Labor and Social Protection Salim Muslimov said that in the first quarter of this year, the reported number of accidents at work across the country was 33 (minus 40%). In this case, 8 people died, and the rest were injured. Mass accidents were not observed.
According to him, last year, 26% of victims and 31% of the victims of industrial accidents occurred in the construction sector. During inspections at construction companies, it was found that in many cases the staff is not provided with the necessary security conditions are not complied with the rules of occupational health and safety. In terms of provision of special equipment and personal protective equipment, there are still serious problems.
As a result of last year's tests, work at 12 construction companies and four quarries was halted, he added.
Recall annually in the world there are over 313 million accidents. It costs the global economy $ 2.8 trillion or 4% of the global GDP. --17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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