The official press published the criteria for extension of construction permits based on the decision of the Cabinet of Azerbaijan.
According to the document, which came into force on July 5, the government's decision applies to the objects, construction of which was started 3 years ago or suspended during the last 3 years.
Renewals of permits for construction is possible due to decisions of permissive or controlling authority. Suspending the construction is, in particular, decided by the Ministry of Emergency Situations and local executive authorities.
Renewal of a permit requires its holder a special appeal to the authority which issued the document for 60 days before the expiry of its validity. Renewals will be valid for 1 year. --17D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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