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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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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