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 and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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Consumer prices in Azerbaijan surged significantly in October 2024, underscoring the impact of both local and global inflationary pressures. According to the State Statistics Committee, the Consumer Price Index (CPI) for October 2024 reached 103.4% compared to the same month last year. Key categories contributing to the rise include food, beverages, and tobacco, which increased by 2.6%, non-food items by 2.1%, and paid services by a substantial 5.8%.
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