President Ilham Aliyev signed a decree "On additional measures in the field of regulation of land relations." The document provides for the creation of an electronic information system of cadastral registration of land and the development of digital cadastral maps until 2020.
The main objective of this system is to eliminate discrepancies between the actual state of land use and the documents confirming the rights to them. The document provides mechanisms for the resolution of existing land-use problems that have arisen in different conditions and terrain.
In particular, in the event of the need for changes in the legal and technical documents on the ground in the state register of real estate, their owners, tenants and users are sent a notice about it. These persons thereby become entitled to what they new document property has been granted, already taking into account the corrections made.
State Property Committee has to prepare questions and submit them to the Cabinet of Ministers proposals on changes of land categories in the locality where settled residential areas. The Cabinet, in turn, will take a period of three months a decision.
Note that in Baku and Absheron district has a lot of residential areas, which are built on the site of the former state, without changing the category of land from agricultural to residential. Therefore, the owners built in the territories of residential properties, are not given the extract from the state register of real estate. We are talking about several thousand individual homes. -----08D
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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