The Zone of Registration Services of the Real Estate Register moved to a daily operation for receiving documents. This step was taken in order to create comfortable and efficient processing applications, Turan was told in the press service of the State Committee on Property.
In several zones control service (Baku, Absheron, Sumgait, Ganja and Khachmaz) is through the system of "electronic order."
In the State Committee they also said that to ensure the availability of services in Baku opened territorial departments (Yasamal, Sabail, Surakhani, Nasimi and Nizami districts) receiving documents for real estate transactions.
In addition, the duration of consideration of the provision of certificates of occupancy of the property has been reduced from 5 days to 1 day, extracts from the register on transactions in the secondary market from 20 days to 7 working days.
Since May, the State Register Service of Real Estate provides electronic services for the provision of certificates of occupancy of the property and extracts from the register on transactions in the secondary market. Prior to November 1, they performed 700 such appeals. -08D-
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review