State Committee for Property Affairs (SPC) has signed a contract worth 86 106,0 thousand manats for the construction of a new administrative building in Baku. The press service of the Ministry told Turan, that this building will house all within its structure, and are subordinate to the organization.
Construction work will be carried on by a little-known LLC SMTS. The facility will be delivered "turnkey" with the condition of providing the necessary equipment and construction of the area around the building. Information about the company sold previous projects there. The company with a capital of 20 manats was established in September 2011.
Before that SPC instructed to prepare construction documents on the construction works the Austrian company Hoffmann-Janz Ziviltechniker GmbH. These works have cost the state budget 4 million 532,8 thousand manats.
Note that the company Hoffmann-Janz ZT GmbH before that was a contractor in the construction of the National Carpet Museum in Baku.
SPC is a 9-storey building on the street Y. Safarov and its entities are scattered in different parts of the capital. The structure includes SPC Register Service of Real Estate and the auction center for the organization of trading. These structures have 411 full-time employees. The subordinate departments are the Center for Cadastre and Technical Inventory, the Center for Information Technology and Information Management, and the Enterprise Management Center for Production and Maintenance. - 08D -
Economics
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Azerbaijan and Iran are actively discussing the construction of a strategic railway line that will connect the East Zangezur Economic Region with the Nakhchivan Autonomous Republic, according to Rovshan Rustamov, Chairman of Azerbaijan Railways CJSC. Rustamov disclosed the details of these talks during his recent visit to Iran, where he met with Jabbar Ali Zakeri Sardrodi, head of the Iranian Railway Administration.
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Agricultural land in Azerbaijan's liberated territories may be leased to business entities through investment tenders. This is reflected in the draft law on proposed amendments and additions to the "Law on Land Lease." The document was discussed at the meeting of the Agrarian Policy Committee of the Milli Majlis (Parliament) on October 14.
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According to preliminary data released by the State Statistics Committee, as of October 1 of the current year, Azerbaijan's economically active population stood at 5.304 million people, of which 5.021 million were employed. These figures highlight the relatively stable labor market in Azerbaijan, as the same number appears in the data for the last three years.
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Azerbaijan witnessed a modest yet steady increase in nominal incomes in the first nine months of 2024, as incomes grew by 6.1% compared to the same period in 2023. This rise brings the total nominal income of the population to 61.587 billion manats, averaging 6039.2 manats per person. This is reported by the State Statistics Committee.
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