Economics
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Azerbaijan, where agriculture forms a crucial pillar of the economy, is responding to mounting climate challenges by implementing a series of strategic reforms aimed at boosting the sector’s resilience and sustainability. The government, facing reduced precipitation and erratic weather patterns, is seeking to transform adversity into an opportunity for growth and innovation.
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Azerbaijan’s industrial parks are drawing increasing interest from Saudi investors as discussions between Azerbaijani Economy Minister Mikail Jabbarov and a visiting Saudi delegation have highlighted potential investments across several sectors. The talks, held in Baku, focused on promoting mutual investments and creating joint ventures to further deepen economic ties between the two countries.
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A large-scale demolition of houses is set to begin in Baku next year as part of a phased urban development project, city officials announced. An inventory of the housing stock is currently being conducted on the affected streets to determine the exact number of properties that will be demolished.
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Azerbaijan has approved a new set of regulations detailing the procedures for managing social emergencies as part of its efforts to improve the country’s legal framework for addressing emergencies. This move aligns with amendments to the country's “Law on Emergency Situations,” aimed at establishing comprehensive protocols for responding to social emergencies and mitigating their impact.
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