A few houses would be demolished under the claim of Binaqadi Oil Company. At this time, the oil company claims lands illegally sold to citizens by the Khojasan local government.
The case on illegal land allocation for housing has already been considered in the First Baku Administrative - Economic Court. The claim was confirmed. The Baku Court of Appeal upheld this decision. It is up to the Supreme Court now.
Binaqadi Oil Company is a production body of SOCAR that in 2010-11 repeatedly demolished citizens' homes without trial. As a result, December 14, 2011 in the village Sulutepe Binagadi tension escalated into a clash between the SOCAR guards and the citizens who had a permit from the local municipality to build their housing. The guards beat a few dozen people and seriously injured an employee of the newspaper Zerkalo and the Institute for Reporters Freedom and Safety Idrak Abbasov.
According to the facts sounded in the courts, only on the land owned by Binaqadi Oil Company, illegally built was housing for thousands of people. The State Oil Company instead of reacting to illegal actions of municipalities that allot the land to people, awaits expansion of the illegal settlements and only then starts the mass demolition of houses of the poor. -17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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