In 2016, Azerbaijan registered about 172 thousand rights on objects of real estate, of which 50 thousand accounted for the primary market, and the remaining 122 thousand - the secondary market. This is stated in the report of the State Committee for Property Affairs.
In the previous year, the real estate market was more active. Investors were issued 190.5 thousand extracts from the state register of real estate, including 148.4 thousand facts of the secondary market.
The most active year in terms of buying and selling real estate was 2014: 205.2 thousand real estate transactions were reported, including 147.2 thousand on the secondary market. ----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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