Finansopedia.ru
In the first nine months of this year the ownership of more than 126,000 real estate objects was registered in Azerbaijan. Compared to the same period of 2015, the real estate market activity decreased by 13%, Turan was told in the State Committee for Property Affairs.
The share of the primary real estate market accounted for 36,000 items this year, which is 28% higher than the figure for the first nine months of last year. In the secondary market purchase and sale regarded 90,000 items, which is 24% less than in January-September 2015.
Experts note that the economic crisis in Azerbaijan also affects the real estate market. Property prices are unstable and prone to decrease; therefore, investors are showing restraint. This trend has been observed since 2015. For the first three quarters of last year, activity in the property market fell by 3.7% ----08D
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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