The Cabinet decision transferred 11.6 hectares of land to LLC MIDA under the State Housing Agency in the Yasamal district of Baku. The area is located along the Outer Ring Road Baku. The first social apartments in Azerbaijan will be built here. This is reported by the media.
The selected zone has 5 hectares of green area. It is planned to construct a building in which there will be about 2,000 apartments. The residential area will also have social infrastructure.
On conducting the tender procedure for the contractor there is no report.
The other day the State Housing Agency announced a poll for education workers’ requirements for social housing. ------08D
Economics
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The Caspian International Investment Company JSC ended 2023 with a net loss of 557,000 manats, a significant improvement compared to the previous year, when losses were four times higher. The company's pre-tax losses for the year amounted to 264,000 manats, 11 times lower than in 2022, while income tax payments of 293,000 manats highlighted the efficiency achieved through strategic fiscal management.
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The 24th Republican Beekeeping Exhibition and Fair opened in Baku on Monday, with around 120 tons of honey products on sale. The event features the participation of 275 beekeepers from 39 districts across Azerbaijan and will run until September 29.
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BAKU, Sept 10 (Reuters) – The "Chain Reaction 2024" conference commenced in Baku on September 10, bringing together leaders and innovators from across the technology sector. Organized by FARI Solutions in collaboration with the Center for Analysis and Coordination of the Fourth Industrial Revolution and the Innovation and Digital Development Agency, the event is supported by Binance, the world's largest cryptocurrency exchange.
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The Azerbaijani government has amended its financing mechanism for higher education institutions, according to a decree issued by Prime Minister Ali Asadov on September 6. The changes update annual education costs for students in various academic levels and fields, including bachelor’s, master’s, medical, and doctoral programs, under state orders.
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