In January-August this year, investments in fixed assets in Azerbaijan amounted to 8.4 billion manat. This is a 28.4% increase over the same period of 2011. Each 44 of 100 manat was aimed at building sector accounts for capital expenditures from the state budget.
According to the committee, the share of domestic investment in capital construction from the beginning of the year was 76.9%. While domestic investment rose by 34.6%. It should be noted that, apart from the state budget for the implementation of investment projects, financing of such measures (improvement of cities and regions, the construction and reconstruction of roads between villages, etc.) are orders of the head of state from the Reserve Fund of the President in the State budget. Donor of the construction is also the State Oil Fund of Azerbaijan.
This year, houses with total area of 1,068,000 sq m were put in operation. -08D-
Economics
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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The Armenian government reviewed a draft bill on Thursday, January 9, following a petition that garnered 52,000 signatures—surpassing the required threshold of 50,000. The proposed legislation, which has now been forwarded to parliament, has ignited discussions about Armenia’s potential shift toward European integration.
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