Timezones on Virtual Machines in Azure can not be set in Settings or Control panel, it needs to be set by a powershell command.

List all available time zones
``` Powershell 
Get-TimeZone -ListAvailable
```

List available time zones for a specific region
``` Powershell
Get-TimeZone -ListAvailable | where ({$_.Id -like "*Europe*"})
```

Set the time one on the server
``` Powershell
Set-TimeZone -Id "W. Europe Standard Time"
```

Restart the server