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Citizens of 36 countries purchased real estate in Azerbaijan
Baku/01.06.23/Turan: In 2022, foreigners purchased 1,577 properties in Azerbaijan. This is stated in the response of the State Property Service (SPS) under the Ministry of Economy to Turan's information request.
According to the SPS, Russian citizens accounted for 72.1 per cent (1,138 properties) of real estate purchase transactions during the period.
As in 2019-2021, the second place was taken by citizens of Georgia, who last year purchased 135 properties in Azerbaijan. Iranians rose to the third step by the number of real estate items purchased in Azerbaijan (51 objects), ahead of Turkish citizens (45).
Total of 36 countries, including Kazakhstan (43), Ukraine (36), Germany (19), Israel (14), UAE (11), Uzbekistan (10), Belarus (8) and Great Britain (8) invested in real estate in Azerbaijan in 2022. -08B-
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- Politics
- 1 June 2023 12:47
Economics
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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