Resolution of the Cabinet of Ministers №56 from March 5, "On additional measures to identify areas of landslides and to limit construction work in these areas" approved maps indicating the geographical coordinates of the landslide danger zones in Baku and the Absheron peninsula. The Ministries of Emergency Situations, Environment and Natural Resources identified 8 zones of the kind (http://www.azerbaijan-news.az/index.php?mod=3&id=64123).
According to the decision of the government, permission for construction works in landslide hazardous areas can be provided by the local executive authorities only in coordination with the two above-named ministries. Construction work can be carried out on the basis of projects, which take into account engineering measures in conformity with building regulations. In this case, the State Committee for Architecture and Urban Planning is to prepare and approve new rules and regulations for engineering work contemplated for construction projects in the areas of landslides.
The Ministries of Emergency Situations, Environment and Natural Resources are entrusted to continue research in the landslide areas on the Absheron peninsula and in other regions of the country to determine their geographic coordinates. The work is to be completed by the end of this year. ---08D
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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