On the initiative of the State Committee for Property Affairs (SCPA) 935 contracts for the lease of land in 46 districts of the country have been canceled. It is about 200 thousand hectares of land that is not used for its intended purpose, the ministry said.
As a result of monitoring in Baku and regions of the country in 2016 and since the beginning of this year about 4,900 violations of land legislation have been found. In 1,100 cases administrative reports were drawn up and penalties totaling 580 thousand mantas were applied.
The SCPA developed a unified electronic database on the lease of state and municipal lands.
Recall that President Ilham Aliyev asked the government to take serious action against the misuse of public lands and the termination of contracts on the identified violations of land legislation. -----08D
Economics
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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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