Hotel Land Mark held a round table discussion on "Draft Plan of Greater Baku Regional Development and property rights."
According to the organizer, the chairman of the public association Assistance to Free Economy Zohrab Ismayil, recently a hearing was held on the adoption of the General Plan of the capital. The document is being finalized, but for several years city center residents have been evicted beyond. Only in 2009 - 2012 was destroyed the housing of 3 930 families in the streets Fizuli, Badalbayli and M. Aliyev, the National Flag Square, and near the Heydar Aliyev Center. Violated were the rights of former owners on the Oilers and Azadlig avenues, as well as the neighborhood of the shopping center Ramstore.
According to the Azerbaijani Constitution, no citizen of the country regardless of ownership can be deprived of it. According to the Law of AR "On the alienation of land for public use" and the relevant Rules of the Cabinet provided warning citizens, scheduling relocation and fair compensation for each one hundred square meters or square meter. In reality, citizens expropriate apartments, offering standard 1500 manat per square meter regardless of the area of residence. As a result of people not being able to buy adequate housing in line first and second zones, pay extra for new housing through a mortgage or other bank loan and move to towns on the outskirts of Baku and Absheron district.
According to specialists of the State Committee for Architecture and Urban Planning Feyzulla Guliyev, in Baku live 2,598,000 people, and by 2030 there will be 3.5 million people. At the disposal of the executive authorities of the capital there is 213 000 hectares of land, 58,000 more reserved in Absheron region. On average, each Bakuvian accounts for 17.5 m2 of living space (the vast majority of immigrants to the city center, including the former Soviet street, lived on 4-6 meters). -17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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