Amendments to the Law "On the register of real estate" were adopted.
According to the decree of the President, the information system of the state immovable property registry is integrated with analogues of the Central Bank of Azerbaijan, the Financial Market Control House, mortgage funds, banks and other financial organizations.
The deadline for registration of property rights and the provision of extracts from the register is reduced by half - to 10 working days, but on work on inventory and surveying permitted extension for another 5 days (total of two weeks).
There is also a reduction from 5 to 3 working days for consideration of documents for the registration of a mortgage facility, and in the case of suspension of the property rights by the State Register, the period of notice of officials is brought to 7 business days (earlier this was allocated 10 days). --17D-
Economics
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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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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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