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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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