Istisu Village Project
Chairman of the State Committee for Urban Planning and Architecture Anar Guliyev, revealed ambitious plans for the new Istisu settlement on social media, following the foundation-laying ceremony attended by President Ilham Aliyev in Kalbajar on September 2, 2024.
The Istisu settlement, spanning 63.1 hectares in western Kalbajar district, is set to be developed in phases. The initial phase will see the development of 39.2 hectares, with plans to construct 159 private homes. Future phases of the project include the building of 71 townhouses, which will contain a total of 142 apartments, alongside 10 additional buildings housing 180 apartments.
The settlement's design also incorporates critical social infrastructure. Planned amenities include a school with capacity for 352 students, a kindergarten with 100 places, an administrative building, a sports and wellness center, and a medical center.
The Istisu settlement aims to adhere to modern standards and is envisioned as a significant regional center, enhancing the local infrastructure and providing essential services to its future residents.
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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