The Cabinet as a body procuring land in the Khatai district of Baku has determined the service of mobilization and conscription for military service. It is about 0,656 hectares of land owned by the Azerbaijan development company ADEC.
The order of the Government of 10 June, №220 noted that on this plot of land an object of defense and security will be built.
ADEC LLC (TIN 1501012941) was established in 2007. The authorized capital is 1 million manats.
Recall that the decree on the design of a residential campus Baku White City (221 hectares) on the site of the former so-called Black City array was given in the name of the company ADEC. This company is directly or indirectly owned by Anar Alizadeh, one of the partners of SOCAR. ----08D
Economics
-
The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
-
Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
-
Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
-
The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
Leave a review